The bookkeeper for Stellar Company has prepared the following balance sheet as of July 31, 2020.

STELLAR COMPANY BALANCE SHEET AS OF JULY 31, 2020
Cash		$ 70,190		Notes and accounts payable		$ 45,190
Accounts receivable (net)		41,690		Long-term liabilities		76,190
Inventory		61,190		Stockholders equity		156,690
Equipment (net)		84,000				$278,070
Patents		21,000
		$278,070

The following additional information is provided.

1.		Cash includes $1,200 in a petty cash fund and $11,890 in a bond sinking fund.
2.		The net accounts receivable balance is comprised of the following two items: (a) accounts receivable $45,190 and (b) allowance for doubtful accounts $3,500.
3.		Inventory costing $4,991 was shipped out on consignment on July 31, 2020. The ending inventory balance does not include the consigned goods. Receivables in the amount of $4,991 were recognized on these consigned goods.
4.		Equipment had a cost of $113,190 and an accumulated depreciation balance of $29,190.
5.		Income taxes payable of $6,000 were accrued on July 31. Stellar 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, 2020, from the available information, adjusting the account balances using the additional information. (List Current Assets in order of liquidity)

STELLAR COMPANY Balance Sheet 4 Assets $ $ $ 4 $ Liabilities and Stockholders' Equity $