The bookkeeper for Splish Company has prepared the following balance sheet as of July 31, 2017.

SPLISH COMPANY BALANCE SHEET AS OF JULY 31, 2017
Cash		$ 72,080		Notes and accounts payable		$ 47,080
Accounts receivable (net)		43,580		Long-term liabilities		78,080
Inventory		63,080		Stockholders equity		158,580
Equipment (net)		84,000				$283,740
Patents		21,000
		$283,740

The following additional information is provided.

1.		Cash includes $1,200 in a petty cash fund and $10,960 in a bond sinking fund.
2.		The net accounts receivable balance is comprised of the following two items: (a) accounts receivable $47,080 and (b) allowance for doubtful accounts $3,500.
3.		Inventory costing $5,090 was shipped out on consignment on July 31, 2017. The ending inventory balance does not include the consigned goods. Receivables in the amount of $5,090 were recognized on these consigned goods.
4.		Equipment had a cost of $115,080 and an accumulated depreciation balance of $31,080.
5.		Income taxes payable of $6,000 were accrued on July 31. Splish 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, 2017, from the available information, adjusting the account balances using the additional information. (List Current Assets in order of liquidity) .............