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Costa Co. has the following cash balances at local banks as of 12/31/2021: National Bank: K&P Bank: Insolvent Trust: $100,000 25,000 (5,000) Required: 1. Prepare the Current Assets and Current Liabilities section of Costa's 2021 balance sheet, assuming Parker reports under U.S. GAAP. 2. Prepare the Current Assets and Current Liabilities section of Costa's 2021 balance sheet, assuming Parker reports under IFRS. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the Current Assets and Current Liabilities section of Costa's 2021 balance sheet, assuming Parker reports under U.S. GAAP. Balance sheet Current Assets: Cash $ 125,000 Current Liabilities: Bank overdrafts $ 5,000 : Required 1 Required 2 >