Presented below are selected accounts of Culver Company at December 31, 2020. Inventory (finished goods) $ 56,000 Cost of Goods Sold $2,129,700 Unearned Service Revenue 100,000 Notes Receivable 37.800 N Equipment 259,900 Accounts Receivable 165,310 Inventory (work in process) 37,400 Inventory (raw materials) 201.700 Cash 40.900 Supplies Expense 58,580 Debt Investments (trading) 38,900 Allowance for Doubtful Accounts 11.720 Customer Advances 54.900 Licenses 19.470 Restricted Cash for Plant Expansion 50.300 Additional Paid-in Capital 80.460 Treasury Stock 21.180 The following additional information is available. 1. 2. 3. 4. 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%. (Hint: Accrue interest due on December 31, 2020.) 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. 5. 6. 7. Prepare the current assets section of Culver Company's December 31, 2020, balance sheet with appropriate disclosures. (List Curres Assets in order of liquidity. Enter account name only and do not provide the descriptive information provided in the question.) CULVER COMPANY Balance Sheet (Partial) $