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Question 4 of 5 0.25/1 During its first year of operations, Larkspur, Inc. had credit sales of $3,388,000, of which $394.900 remained uncollected at year-end.

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Question 4 of 5 0.25/1 During its first year of operations, Larkspur, Inc. had credit sales of $3,388,000, of which $394.900 remained uncollected at year-end. The credit manager estimates that $18,000 of these receivables will become uncollectible. a (a) b (b) Prepare the current assets section of the balance sheet for Larkspur, Inc, assuming that in addition to the receivables it has cash of $84,700, merchandise inventory of $168,600, and supplies of $12,500. (List Current Assets in order of liquidity) LARKSPUR, INC. Balance Sheet (partial) . $

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