The bookkeeper for Geronimo Company has prepared the following balance sheet as of July 31, 2014. GERONIMO COMPANY BALANCE SHEET AS OF JULY 31, 2014 Cash $ 73,280 Notes and accounts payable $ 47,760 Accounts receivable (net) 44,260 Long-term liabilities 79,280 Inventory 64,280 Stockholders equity 159,780 Equipment (net) 84,000 $286,820 Patents 21,000 $286,820 The following additional information is provided. 1. Cash includes $1,200 in a petty cash fund and $15,340 in a bond sinking fund. 2. The net accounts receivable balance is comprised of the following two items: (a) accounts receivable $47,760 and (b) allowance for doubtful accounts $3,500. 3. Inventory costing $5,500 was shipped out on consignment on July 31, 2014. The ending inventory balance does not include the consigned goods. Receivables in the amount of $5,500 were recognized on these consigned goods. 4. Equipment had a cost of $115,760 and an accumulated depreciation balance of $31,760. 5. Income taxes payable of $9,190 were accrued on July 31. Geronimo 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, 2014, from the available information, adjusting the account balances using the additional information. (List Current Assets in order of liquidity)