1. The following balances are found in Max Companys General Ledger at the end of 2018:

Prepaid Insurance $12,000

Cash and Cash equivalents on hand 22,000

Notes Receivable due in 6 months in 2018 1,120

Cash in the bank 5,400

Accounts receivable 15,600

Allowance for uncollectible (2,500)

Buildings 27,200

Accumulated depreciation building (8,700)

Inventory 19,700

Office Supplies 1,700

Land held for sale within 1 year 15,000

Required:

Prepare a Current Assets Section of the Balance Sheet of Max Company as of December 31, 2018.