Selected accounts follow of Blue Spruce Limited at December 31, 2020:

Finished Goods Inventory

$157,000Cost of Goods Sold

$3,800,000Unearned Revenue

92,000Notes Receivable

48,000Bank Overdraft

9,800Accounts Receivable

251,000Equipment

403,000Raw Materials Inventory

367,000Work-in-Process Inventory

44,000Supplies Expense

61,000Cash

60,000Allowance for Doubtful Accounts

31,000FV-NI Investments

36,000Intangible AssetsTrade Names

22,000Interest Payable

49,000Contributed Surplus

18,000Restricted Cash (for Plant Expansion)

60,000Common Shares

306,000

The following additional information is available:

1.Inventory is valued at the lower of cost and net realizable value using FIFO.2.Equipment is recorded at cost. Accumulated depreciation, calculated on a straight-line basis, is $62,600.3.The FV-NI investments have a fair value of $34,000.4.The notes receivable are due April 30, 2021, 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 $60,000 are pledged as collateral on a bank loan.6.Intangible AssetsTrade Names are reported net of accumulated amortization of $24,000.7.The bank overdraft is at the same bank as the amount reported above under Cash.

(a)

Prepare the current assets section of Blue Spruce Limited's statement of financial position as at December 31, 2020.(