Selected accounts from Phipps Corporation's trial balance are as follows. Phipps Corporation Trial Balance December 31 (Selected Accounts) Debit Credit Cash $50,000 Short-Term Marketable Securities 26,000 Accounts Receivable 16,000 Inventories 46,000 Other Current Assets 10,000 Land 120,000 Equipment 45,000 Accumulated Depreciation Equipment $5,000 Goodwill 25,000 Other Intangible Assets 18,000 Prepare the assets section of the company's balance sheet. Phipps Corporation Balance Sheet December 31 Prepare the assets section of the company's balance sheet. Phipps Corporation Balance Sheet December 31 Assets Current Assets: Total Current Assets Total Assets