Presented below are selected accounts of Teal Company at December 31, 2017. Inventory (finished goods) $ 54,100 Cost of Goods Sold $2,104,000 Unearned Service Revenue 95,300 Notes Receivable 42,800 Equipment 257,300 Accounts Receivable 150,710 Inventory (work in process) 44,000 Inventory (raw materials) 171,600 Cash (not including restricted cash) 37,300 Supplies Expense 55,180 Debt Investments (trading) 34,900 Allowance for Doubtful Accounts 10,960 Customer Advances 46,300 Licenses 16,780 Restricted Cash for Plant Expansion 58,900 Additional Paid-in Capital 94,600 Treasury Stock 23,060 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 $53,701. 3. The short-term investments have a fair value of $31,200. 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 $48,000 are pledged as collateral on a bank loan. 6. Licenses are recorded net of accumulated amortization of $13,500. 7. Treasury stock is recorded at cost. Prepare the current assets section of Teal 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.)

TEAL COMPANY Balance Sheet (Partial)