Presented below are selected accounts of Blossom Company at December 31, 2020, Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion $ 56,000 Cost of Goods Sold 100,000 Notes Receivable 259.900 Accounts Receivable 37.400 Inventory (raw materials) 40.900 Supplies Expense 38,900 Allowance for Doubtful Accounts 54.900 Licenses 50,300 Additional Paid-in Capital Treasury Stock $2,129,700 37.800 165,310 201,700 58,580 11,720 19,470 80.460 21,180 1 2. 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 $52,633 The short-term investments have a fair value of $29,510. The notes receivable are due April 30, 2022, with interest receivable every April 30. The notes bear interest at 6%. (Hints Accrue interest due on December 31, 2020) 5. The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $52,700 are pledged as collateral on a bank loan. Licenses are recorded net of accumulated amortization of $13,440. Treasury stock is recorded at cost. 3. 4. 6. 7. Prepare the current assets section of Blossom Company's December 31, 2020, 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) BLOSSOM COMPANY Balance Sheet (Partial)