Presented below are selected accounts of Ayayai Company at December 31, 2017 Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash (not including restricted cash) Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion $ 58,900 95,800 254,500 43,200 42,500 40,400 36,700 51,900 Cost of Goods Sold Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allowance for Doubtful Accounts Licenses Additional Paid-in Capital Treasury Stock $2,172,600 38,600 161,260 187.700 55,150 11,260 18,500 92,740 23,800 1. 2. 3. The following additional information is available. Inventories are valued at lower-of-cost-or-market using LIFO. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $50,355. The short-term investments have a fair value of $28,950. The notes receivable are due April 30, 2019, with interest receivable every April 30. The notes bear interest at 6%. ( Accrued interest due on December 31, 2017.) 5. The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $50,100 are pledged collateral on a bank loan Licenses are recorded net of accumulated amortization of $13,140. Treasury stock is recorded at cost. 4. 6. 7. Prepare the current assets section of Ayayai Company's December 31, 2017, balance sheet, with appropriate disclosures. (List Current Assets in order of liquidity. Enter account name only and do not provide the descriptive information provided in the question.) AYAYAI COMPANY Balance Sheet (Partial)