Presented below are selected accounts of Coffey Company at December 31, 2014.
Finished Goods ................ $ 78,000
Revenue Received in Advance .......... 135,000
Bank Overdraft ................ 12,000
Equipment .................. 379,500
Work-in-Process................ 51,000
Cash ..................... 55,500
Short-term Investments in Stock .......... 46,500
Customer Advances .............. 54,000
Cash Restricted for Plant Expansion ......... 75,000
Cost of Goods Sold ............... $3,150,000
Notes Receivable ................ 60,000
Accounts Receivable ................. 241,500
Raw Materials .................. 310,500
Supplies Expense ................ 90,000
Allowance for Doubtful Accounts .......... 18,000
Licenses ................... 27,000
Additional Paid-in Capital ............ 132,000
Treasury Stock ................. 33,000

The following additional information is available.
1. Inventories are valued at lower-of-cost-or-market using LIFO.
2. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $75,900.
3. The short-term investments have a fair value of $43,500. (Assume they are trading securities.)
4. The notes receivable are due April 30, 2016, with interest receivable every April 30. The notes bear interest at 12%.
5. The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $75,000 are pledged as collateral on a bank loan.
6. Licenses are recorded net of accumulated amortization of $21,000.
7. Treasury stock is recorded at cost.

Instructions
Prepare the current assets section of Coffey Company’s December 31, 2014, balance sheet, with appropriate disclosures.