Presented below are selected accounts of Sheffield Company at December 31, 2017 Inventory (finished goods) $ 59,800 Cost of Goods Sold $2,113,900 Unearned Service Revenue 94,800 Notes Receivable 40,400 Equipment 261,700 Accounts Receivable 170,720 Inventory (work in process) 43,100 Inventory (raw materials) 183,830 Cash (not including restricted cash) 40,000 Supplies Expense 55,820 Debt Investments (trading) 39,500 Allowance for Doubtful Accounts 12,420 Customer Advances 54,800 Licenses 16,580 Restricted Cash for Plant Expansion 59,500 Additional Paid in Capital 80,630 Treasury Stock 22,540 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 $46,245 3 The short term investments have a fair value of $27,640 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 $53,800 are pledged as collateral on a bank loan 6 Licenses are recorded net of accumulated amortization of $14,840 7 Treasury stock is recorded at cost Prepare the current assets section of Sheffield 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 )

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Presented below are selected accounts of Sheffield Company at December 31, 2017. Inventory (finished goods) $ 59,800 Cost of Goods Sold $2,113,900 Unearned Service Revenue

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

Inventory (finished goods)	$ 59,800	Cost of Goods Sold	$2,113,900
Unearned Service Revenue	94,800	Notes Receivable	40,400
Equipment	261,700	Accounts Receivable	170,720
Inventory (work in process)	43,100	Inventory (raw materials)	183,830
Cash (not including restricted cash)	40,000	Supplies Expense	55,820
Debt Investments (trading)	39,500	Allowance for Doubtful Accounts	12,420
Customer Advances	54,800	Licenses	16,580
Restricted Cash for Plant Expansion	59,500	Additional Paid-in Capital	80,630
		Treasury Stock	22,540

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 $46,245.
3.		The short-term investments have a fair value of $27,640.
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 $53,800 are pledged as collateral on a bank loan.
6.		Licenses are recorded net of accumulated amortization of $14,840.
7.		Treasury stock is recorded at cost.

Prepare the current assets section of Sheffield 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.)