Included in the December 31 trial balance of Billie Joel Company are the following assets.
Cash ........ $ 190,000
Work in process ... $200,000
Equipment (net) ... 1,100,000
Receivables (net) .... 400,000
Prepaid insurance ..... 41,000
Patents ........ 110,000
Raw materials ..... 335,000
Finished goods .... 150,000

Prepare the current assets section of the December 31 balance sheet.