Presented below are selected accounts of Yasunari Kawabata Company at December 31, 2020. $ Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (short-term) Customer Advances Restricted Cash for Plant Expansion $ $ $ $ $ $ $ $ 52,000 90,000 253,000 34,000 37,000 31,000 36,000 50,000 Cost of Goods Sold Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allow. for Doubtful Accounts Licenses Additional Paid-in Capital Treasury Stock 2,100,000 40,000 161,000 207,000 60,000 12,000 18,000 88,000 22.000 $ $ $ 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 $50,600. 3. The short-term investments have a fair value of $29,000. 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 $50,000 are pledged as collateral on a bank loan. 6. Licenses are recorded net of accumulated amortization of $14,000. 7. Treasury stock is recorded at cost. Instructions Prepare the current assets section of Yasunari Kawabata Company's December 31, 2020, balance sheet, with appropriate disclosures. Current Assets Section of the Balance Sheet Current assets Cash Less: Restricted cash (plant expansion) Trading securities at fair value (cost, $31,000) Accounts receivable (of which $50,000 is pledged as collateral on a bank loan) Less: Allowance for doubtful accounts Interest receivable Inventories at lower of cost (determined using LIFO) or market) Finished goods Work in process Raw materials Total current assets