The following balance sheet was prepared by the bookkeeper for Cullumber Company as of December 31, 2020. Cullumber Company Balance Sheet as of December 31, 2020 Cash $90,000 Accounts payable $94,000 Accounts receivable (net) 54,000 Bonds payable 100,000 Inventory 64.000 Stockholders' equity 234,400 Investments 79.400 Equipment (net) 109,000 Patents 32.000 $428,400 $428,400 The following additional information is provided: 1. Cash includes the cash surrender value of a life insurance policy $9.000, and a bank overdraft of $2.500 has been deducted. 2. The net accounts receivable balance includes: (a) accounts receivable-debit balances $62.000; (b) accounts receivable-credit balances $4,500: Ich allowance for doubtful accounts $3,500. 3. Inventory does not include goods costing $3.200 shipped out on consignment. Receivables of $3.200 were recorded on these goods. 4. Investments include investments in common stock trading $20.500 and available for sale $50.500, and franchises $8.400. 5. Equipment costing $5.500 with accumulated depreciation $4.500 is no longer used and is held for sale. Accumulated depreciation on the other equipment is $41.000. Prepare a balance sheet in good form. (List Current Assets in order of liquidity) Cullumber Company Balance Sheet As of December 31, 2020 Assets Liabilities and Stockholders' Equity