The December 31, 2021, adjusted trial balance of Blossom Company includes the following accounts:

Accounts receivable		$14,000		Patents		$3,900
Prepaid insurance		1,500		Unearned revenue		2,800
Goodwill		8,400		Cash		15,000
Supplies		4,000		Short-term investments		9,000
Vehicles		25,000		Merchandise inventory		9,500
Notes receivable (due February 1, 2023)		5,100

Determine which accounts are current assets and prepare the current assets section of the balance sheet as at December 31, 2021, with the accounts in order of decreasing liquidity. (List Current Assets in order of decreasing liquidity.)

BLOSSOM COMPANY Balance Sheet (Partial) For the Month Ended December 31, 2021December 31, 2021For the Year Ended December 31, 2021
Total Current LiabilitiesTotal AssetsTotal Liabilities and Owner's EquityTotal Owner's EquityTotal Current AssetsOwner's EquityTotal Long-Term LiabilitiesTotal Intangible AssetsCurrent LiabilitiesTotal Long-Term InvestmentsLong-Term LiabilitiesTotal Property, Plant and EquipmentIntangible AssetsLong-Term InvestmentsTotal LiabilitiesCurrent AssetsProperty, Plant and Equipment
			$
Property, Plant and EquipmentTotal Owner's EquityTotal Current LiabilitiesTotal Long-Term InvestmentsCurrent LiabilitiesTotal Intangible AssetsTotal Property, Plant and EquipmentTotal AssetsLong-Term LiabilitiesCurrent AssetsTotal Current AssetsLong-Term InvestmentsOwner's EquityTotal Long-Term LiabilitiesTotal LiabilitiesIntangible AssetsTotal Liabilities and Owner's Equity			$

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For each account that is not classified as a current asset, indicate how it would be classified on the balance sheet. (Enter account name only and do not provide descriptive information.)

BLOSSOM COMPANY Balance Sheet (Partial) For the Month Ended December 31, 2021December 31, 2021For the Year Ended December 31, 2021
Assets
Total Long-Term LiabilitiesCurrent LiabilitiesLong-Term LiabilitiesTotal Liabilities and Owner's EquityLong-Term InvestmentsIntangible AssetsTotal LiabilitiesCurrent AssetsTotal Intangible AssetsProperty, Plant and EquipmentOwner's EquityTotal Property, Plant and EquipmentTotal Owner's EquityTotal Long-Term InvestmentsTotal Current LiabilitiesTotal Current AssetsTotal Assets
			$
Property, Plant and EquipmentTotal Long-Term InvestmentsTotal Owner's EquityTotal Current LiabilitiesLong-Term InvestmentsTotal Liabilities and Owner's EquityTotal Long-Term LiabilitiesTotal AssetsCurrent LiabilitiesTotal Property, Plant and EquipmentTotal Current AssetsIntangible AssetsOwner's EquityTotal Intangible AssetsLong-Term LiabilitiesCurrent AssetsTotal Liabilities
Total Owner's EquityTotal Property, Plant and EquipmentOwner's EquityTotal LiabilitiesTotal Long-Term LiabilitiesProperty, Plant and EquipmentTotal AssetsCurrent AssetsLong-Term LiabilitiesIntangible AssetsTotal Long-Term InvestmentsTotal Liabilities and Owner's EquityTotal Current LiabilitiesTotal Intangible AssetsLong-Term InvestmentsTotal Current AssetsCurrent Liabilities
Liabilities and Owner's Equity
Total Current AssetsIntangible AssetsTotal Owner's EquityTotal Long-Term LiabilitiesProperty, Plant and EquipmentTotal Long-Term InvestmentsTotal Property, Plant and EquipmentTotal LiabilitiesOwner's EquityTotal Intangible AssetsLong-Term LiabilitiesTotal AssetsCurrent LiabilitiesCurrent AssetsTotal Liabilities and Owner's EquityLong-Term InvestmentsTotal Current Liabilities

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