The bookkeeper for Ayayai Corp. has prepared the following statement of financial position as at July 31, 2020:

AYAYAI CORP. Statement of Financial Position As at July 31, 2020
Cash		$70,000		Notes and accounts payable		$45,000
Accounts receivable (net)		41,300		Long-term liabilities		76,000
Inventory		61,000		Shareholders' equity		157,300
Equipment (net)		84,000
Patents (net)		22,000
		$278,300				$278,300

The following additional information is provided:

1.		Cash includes $1,300 in a petty cash fund and $13,000 in a bond sinking fund.
2.		The net accounts receivable balance is composed of the following three items: (a) accounts receivable debit balances $53,000; (b) accounts receivable credit balances $8,100; and (c) allowance for doubtful accounts $3,600.
3.		Inventory costing $5,400 was shipped out on consignment on July 31, 2020. The ending inventory balance does not include the consigned goods. Receivables of $5,400 were recognized on these consigned goods.
4.		Equipment had a cost of $113,000 and an accumulated depreciation balance of $29,000.
5.		Income Tax Payable of $9,100 was accrued on July 31. Ayayai Corp., however, had set up a cash fund to meet this obligation. This cash fund was not included in the cash balance, but was offset against the income tax payable account.
6.		Long-term liabilities are bonds payable issued at par, due in 2025.
7.		Shareholders equity is made up of two account balances: Common Shares of $104,900 and Retained Earnings of $52,400.

(a) Use the information available to prepare a corrected classified statement of financial position as at July 31, 2020. (Adjust the account balances based on the additional information.) (List Current Assets in order of liquidity.)