Presented below are selected accounts of Novak 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 $60,500 Cost of Goods Sold 92,200 Notes Receivable 261,300 Accounts Receivable 34,200 Inventory (raw materials) 40,700 Supplies Expense 39,700 Allowance for Doubtful Accounts 38.100 Licenses 53,200 Additional Paid-in Capital Treasury Stock $2,120,400 40,400 152,420 193,420 55,100 11,520 17,680 85,150 22,270 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 $50,781. 3. The short-term investments have a fair value of $31.260. 4. 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.) 5. The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $51,900 are pledged as collateral on a bank loan. 6. Licenses are recorded net of accumulated amortization of $14.460. 7. Treasury stock is recorded at cost. Prepare the current assets section of Novak Company's December 31, 2020, balance sheet, with appropriate disclosures. (List Current Assets in order of UCCOTTITO COUTIOPOVICOOTTORIT NOVAK COMPANY Balance Sheet (Partial) For the Year Ended December 31, 2020 $