Selected accounts follow of Swifty Limited at December 31, 2020:

Finished Goods Inventory

$157,000Cost of Goods Sold

$4,000,000Unearned Revenue

109,000Notes Receivable

54,000

Bank Overdraft

9,400Accounts Receivable

191,000

Equipment

343,000

Raw Materials Inventory

367,000

Work-in-Process Inventory

36,000

Supplies Expense

79,000

Cash

53,000

Allowance for Doubtful Accounts

19,000

FV-NI Investments

34,000

Intangible AssetsTrade Names

19,000

Interest Payable

46,000

Contributed Surplus

17,000

Restricted Cash (for Plant Expansion)

53,000Common 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 $60,600.

3.The FV-NI investments have a fair value of $37,000.

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 $53,000 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 Swifty Limited's statement of financial position as at December 31, 2020. (List Current Assets in order of liquidity.)