The bookkeeper for Monty Company has prepared the following balance sheet as of July 31, 2025 . The following additional information is provided. 1. Cash includes $1,296 in a petty cash fund and $16,200 invested in a 24-month certificate of deposit. 2. The net accounts receivable balance is comprised of the following two items: (a) accounts receivable $47,520 and (b) allowance for doubtful accounts $3,780. 3. Inventory costing $5,724 was shipped out on consignment on July 31,2025 . The ending inventory balance does not include the consigned goods. Receivables in the amount of $5,724 were recognized on these consigned goods. 4. Equipment had a cost of $120,960 and an accumulated depreciation balance of $30,240. 5. Income taxes payable of $6,480 were accrued on July 31. Monty 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.) The following additional information is provided. 1. Cash includes $1,296 in a petty cash fund and $16,200 invested in a 24 -month certificate of deposit. 2. The net accounts receivable balance is comprised of the following two items: (a) accounts receivable $47,520 and (b) allowance for doubtful accounts $3,780. 3. Inventory costing $5,724 was shipped out on consignment on July 31,2025 . The ending inventory balance does not include the consigned goods. Receivables in the amount of $5,724 were recognized on these consigned goods. 4. Equipment had a cost of $120,960 and an accumulated depreciation balance of $30,240. 5. Income taxes payable of $6,480 were accrued on July 31. Monty 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 1 iet Current eeote in nrrer of liau iditiou 1