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The Monty Pub provides catering services to local businesses. The following information was available for The Monty Pub for the years ended December 31, 2016

The Monty Pub provides catering services to local businesses. The following information was available for The Monty Pub for the years ended December 31, 2016 and 2017.

December 31, 2016 December 31, 2017
Cash $ 1,860 $ 1,720
Accounts receivable 45,500 ?
Allowance for doubtful accounts 600 ?
Other current assets 8,520 8,200
Current liabilities 36,800 44,500
Total credit sales 210,000 259,000
Collections on accounts receivable 188,000 225,000

Monty management is preparing for a meeting with its bank concerning renewal of a loan and has collected the following information related to the above balances.

1. The cash reported at December 31, 2017, reflects the following items: petty cash $1,600 and postage stamps $120. The other current assets balance at December 31, 2017, includes the checking account balance of $3,510.
2. On November 30, 2017, Monty agreed to accept a 6-month, $4,830 note bearing 12% interest, payable at maturity, from a major client in settlement of a $4,830 bill. The above balances do not reflect this transaction.
3. Monty factored some accounts receivable at the end of 2017. It transferred accounts totaling $10,000 to Final Factor, Inc. with recourse. Final Factor will receive the collections from Montys customers and will retain 2% of the balances. Final Factor assesses Monty a finance charge of 3% on this transfer. The fair value of the recourse liability is $440. However, management has determined that the amount due from the factor and the fair value of the resource obligation have not been recorded, and neither are included in the balances above.
4.

Monty charged off uncollectible accounts with balances of $1,420. On the basis of the latest available information, the 2017 provision for bad debts is estimated to be 2.5% of accounts receivable.

Prepare the current assets section of The Monty Pubs balance sheet at December 31, 2017.

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