Presented below are selected accounts of Blue Company at December 31, 2020, Inventory (finished goods) $ 55,400 $2,107,000 Cost of Goods Sold Notes Receivable Unearned Service Revenue 91,800 41,000 Equipment 257,000 Accounts Receivable 167,690 Inventory (work in process) 40,900 Inventory (raw materials) 204.760 Cash 42,500 Supplies Expense 64,900 Debt Investments (trading) 33,400 Allowance for Doubtful Accounts 11,550 Customer Advances 54,000 Licenses 18.250 Restricted Cash for Plant Expansion 56,800 Additional Paid-in Capital 84.910 Treasury Stock 20.070 The following additional information is available, 1 2. 3. 4. Inventories are valued at lower-of-cost-of-market using LIFO. Equipment is recorded at cost. Accumulated depreciation computed on a straight-ine basis, is $54.384. The short-term investments have a fair value of $29.490. The notes receivable are due April 30, 2022, with interest receivable every April 30. The notes bear interest at 67. (Hint: Accrue interest due on December 31, 2020) The allowance for doubtful accounts applies to the accounts receivable, Accounts receivable of 546 200 are pledged as collateral on a bank loan Licenses are recorded net of accumulated amortization of $14,980 5. 7. Treasury stock is recorded at cost Prepare the current assets section of Company's December 31, 2020, balance sheet with appropriate disclosures (Last Current Assets in order of liquidity. Enter account name only and do not provide the descriptive information provided in the question) BLUE COMPANY Balance Sheet (Partial) December 31, 2020 Current Assets