Presented below are selected accounts of Waterway Company at December 31, 2020.

Inventory (finished goods)		$ 60,000		Cost of Goods Sold		$2,144,900
Unearned Service Revenue		98,600		Notes Receivable		42,800
Equipment		259,900		Accounts Receivable		148,990
Inventory (work in process)		35,700		Inventory (raw materials)		176,340
Cash		41,700		Supplies Expense		59,790
Debt Investments (trading)		31,500		Allowance for Doubtful Accounts		11,800
Customer Advances		51,100		Licenses		16,500
Restricted Cash for Plant Expansion		54,000		Additional Paid-in Capital		85,240
				Treasury Stock		23,460

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 $52,647.
3.		The short-term investments have a fair value of $28,680.
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 $46,000 are pledged as collateral on a bank loan.
6.		Licenses are recorded net of accumulated amortization of $15,030.
7.		Treasury stock is recorded at cost.

Prepare the current assets section of Waterway Companys 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.)Presented below are selected accounts of Waterway Company at December 31, 2020.

Inventory (finished goods)		$ 60,000		Cost of Goods Sold		$2,144,900
Unearned Service Revenue		98,600		Notes Receivable		42,800
Equipment		259,900		Accounts Receivable		148,990
Inventory (work in process)		35,700		Inventory (raw materials)		176,340
Cash		41,700		Supplies Expense		59,790
Debt Investments (trading)		31,500		Allowance for Doubtful Accounts		11,800
Customer Advances		51,100		Licenses		16,500
Restricted Cash for Plant Expansion		54,000		Additional Paid-in Capital		85,240
				Treasury Stock		23,460

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 $52,647.
3.		The short-term investments have a fair value of $28,680.
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 $46,000 are pledged as collateral on a bank loan.
6.		Licenses are recorded net of accumulated amortization of $15,030.
7.		Treasury stock is recorded at cost.

Prepare the current assets section of Waterway Companys 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.)