Presented below are selected accounts of Novak Company at December 31, 2017.

Inventory (finished goods) $ 53,500 Cost of Goods Sold $2,192,400

Unearned Service Revenue 95,200 Notes Receivable 41,000

Equipment 257,100 Accounts Receivable 161,020

Inventory (work in process) 36,000 Inventory (raw materials) 182,280

Cash (not including restricted cash) 43,800 Supplies Expense 65,490

Debt Investments (trading) 39,500 Allowance for Doubtful Accounts 11,290

Customer Advances 53,200 Licenses 16,890

Restricted Cash for Plant Expansion 58,300 Additional Paid-in Capital 88,040

Treasury Stock 22,320

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 $47,568.

3. The short-term investments have a fair value of $29,730.

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 $54,800 are pledged as collateral on a bank loan.

6. Licenses are recorded net of accumulated amortization of $14,510.

7. Treasury stock is recorded at cost.

Prepare the current assets section of Novak Companys 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.)