The following data was taken from the books as at December 31 of Pharoah Inc.:

Cash

$15.500

Common shares

Income tax expense

2.900

Cost of goods sold

Sales revenue

88.500

Retained earnings (as of January 1)

Inventory

22.500

Notes payable

Accounts payable

33.000

Equipment

Operating expenses

31.400

Dividends paid

Interest expense

5.100

Accounts receivable

Prepaid expenses

710

(a)

$15,000

37,800

6,700

53.200

127.000

3.600

9.800

list the current assets in order of liquidity