The following information was taken from the accounting records of Leder Hardware on December 31. Prepare the Current assets section of Leders balance sheet as of December 31, 20Y1.

1. Leder Hardware has $49,000 in cash in its bank accounts.

2. Leder Hardware currently has notes receivable totaling $28,000. The companys accounts receivable total $85,000; 2% of that amount will probably not be collected.

3. A total of $700 interest has accrued on notes that have not been collected.

4. Leder Hardware has $110,000 in inventory.

5. Leder Hardware owns office and store equipment costing $78,000.