WAF Company's general ledger included the following accounts at November 30, 2014:
Accounts payable ....................................... $145,500
Accounts receivable .................................... 109,000
Allowance for doubtful accounts ..................... 6,950
Bad debt expense ....................................... 35,970
Cash ...................................................... 74,000
GST recoverable ........................................ 21,850
Interest receivable ...................................... 2,500
Interest revenue ........................................ 10,000
Merchandise inventory ................................ 110,800
Note receivable-due April 23, 2015 ............... 50,000
Note receivable-due May 21, 2018 ................ 150,000
Prepaid expenses .............................................. 15,300
Short-term investments .................................... 80,500
Prepare the current assets section of the balance sheet.