The bookkeeper for Concord Company has prepared the following balance sheet as of July 31, 2025. The following additional information is provided. 1. Cash includes $1,176 in a petty cash fund and $14,700 invested in a 24 -month certificate of deposit. 2. The net accounts receivable balance is comprised of the following two items: (a) accounts receivable $43,120 and (b) allowance for doubtful accounts $3,430. 3. Inventory costing $5,194 was shipped out on consignment on July 31, 2025. The ending inventory balance does not include the consigned goods. Receivables in the amount of $5,194 were recognized on these consigned goods. 4. Equipment had a cost of $109,760 and an accumulated depreciation balance of $27,440. 5. Income taxes payable of $5,880 were accrued on July 31 . Concord Company, 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 taxes payable amount. Prepare a corrected classified balance sheet as of July 31, 2025, from the available information, adjusting the account balances using the additional information. (List Current Assets in order of liquidity.) Assets Current Assets Cash $ Accounts Receivable $ Less : Allowance for Doubtful Accounts Inventory Total Current Assets Long-term Investments Certificate of Deposit Property, Plant, and Equipment Equipment Less : Accumulated Depreciation-Equipment Intangible Assets \begin{tabular}{|l|} \hline \hline \\ \hline \hline \end{tabular} Patents Total Assets Liabilities and Stockholders' Equity Current Liabilities Notes and Accounts Payable $ Income Tax Payable \begin{tabular}{|l|} \hline \end{tabular} Total Current Liabilities $ Long-term Liabilities Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity