Suppose the following items were taken from the December 31, 2017, assets section of the Vaughn Manufacturing balance sheet. (All dollars are in millions.) Inventory $16,010 Patents $11,220 Notes receivabledue after December 31, 2018 5,020 Buildings 20,910 Notes receivabledue before December 31, 2018 365 Cash 8,300 Accumulated depreciationbuildings 13,340 Accounts receivable 5,630 Debt investments (short-term) 1,630 Prepare the assets section of a classified balance sheet. (List the current assets in order of liquidity.)

Exercise 2-3 Your answer is partially correct. Try again. Suppose the following items were taken from the December 31, 2017, assets section of the Vaughn Manufacturing balance sheet. (All dollars are in millions.) Inventory Notes receivable-due after December 31, 20185,020 Buildings Notes receivable-due before December 31, 2018 Accumulated depreciation-buildings $16,010 Patents $11,220 20,910 8,300 5,630 1,630 365 Cash 13,340 Accounts receivable Debt investments (short-term)