Presented below are selected accounts of Crane Company at December 31, 2017. Inventory (finished goods) $ 52,800 Cost of Goods Sold $2,146,300 Unearned Service Revenue 94,200 Notes Receivable 37,200 Equipment 259,600 Accounts Receivable 156,370 Inventory (work in process) 35,600 Inventory (raw materials) 175,930 Cash (not including restricted cash) 38,100 Supplies Expense 55,550 Debt Investments (trading) 41,000 Allowance for Doubtful Accounts 11,650 Customer Advances 37,600 Licenses 18,650 Restricted Cash for Plant Expansion 50,200 Additional Paid-in Capital 91,510 Treasury Stock 20,290

The following additional information is available.

1. Inventories are valued at lower-of-cost-or-market using LIFO.

2. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $52,279.

3. The short-term investments have a fair value of $26,910.

4. The notes receivable are due April 30, 2019, with interest receivable every April 30. The notes bear interest at 6%. (Hint: Accrued interest due on December 31, 2017.)

5. The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $52,600 are pledged as collateral on a bank loan.

6. Licenses are recorded net of accumulated amortization of $12,940.

7. Treasury stock is recorded at cost.

Prepare the current assets section of Crane Companys December 31, 2017, balance sheet, with appropriate disclosures