Selected accounts follow of Culver Limited at December 31, 2020: Finished Goods Inventory $165,000 Cost of Goods Sold $4,000,000 Unearned Revenue 94,000 Notes Receivable 55,000 Bank Overdraft 9,500 Accounts Receivable 241,000 Equipment 303,000 Raw Materials Inventory 377,000 Work-in-Process Inventory 54,000 Supplies Expense 67,000 Cash 59,000 Allowance for Doubtful Accounts 23,000 FV-NI Investments 51,000 Intangible Assets-Trade Names 35,000 Interest Payable 39,000 Contributed Surplus 15,000 Restricted Cash (for Plant Expansion) 59,000 Common Shares 305,000 The following additional information is available: 1. Inventory is valued at the lower of cost and net realizable value using FIFO. 2. 3. 4. 5. Equipment is recorded at cost. Accumulated depreciation, calculated on a straight-line basis, is $54,600. The FV-NI investments have a fair value of $39,000. 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.) The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $59,000 are pledged as collateral on a bank loan. Intangible Assets-Trade Names are reported net of accumulated amortization of $31,000. 6. 7. The bank overdraft is at the same bank as the amount reported above under Cash. (a) Prepare the current assets section of Culver Limited's statement of financial position as at December 31, 2020. (List Current Assets in order of liquidity.)