Presented below are selected accounts of Sheridan 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 $ 55,700 Cost of Goods Sold 94,400 Notes Receivable 254,700 Accounts Receivable 36,500 Inventory (raw materials) 44,500 Supplies Expense 39,700 Allowance for Doubtful Accounts 37,600 Licenses 59,700 Additional Paid-in Capital Treasury Stock $2,131,800 38,000 158,830 200,210 57,910 11,210 16,550 84,890 21,490 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 $53,798. 3. The short-term investments have a fair value of $29,980. 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 $51,200 are pledged as collateral on a bank loan. 6. Licenses are recorded net of accumulated amortization of $14,220. 7. Treasury stock is recorded at cost. Prepare the current assets section of Sheridan Company's December 31, 2020, 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.) SHERIDAN COMPANY Balance Sheet (Partial) For the Year Ended December 31, 2020 v Current Assets Cash Accounts Receivable (81630) Less : Allowance for Doubtful Accounts (11210) i Notes Receivable Accrued Liabilities Inventory 36500 Inventory 200210 Inventory 55700 Balance Sheet(Partial) For the Year Ended December 31, 2020 v Current Assets Cash Accounts Receivable (81630) Less : Allowance for Doubtful Accounts (11210) Notes Receivable Accrued Liabilities 36500 Inventory 200210 Inventory 55700 Inventory Total Current Assets