Question: Partial balance sheet data for Ellison Company at December 31, 2008, are as follows: Finished goods inventory . $12,500 Prepaid insurance ..... 6,000 Accounts receivable

Partial data for Ellison Company at December 31, 2008, are as follows:
Finished goods inventory . $12,500
Prepaid insurance ..... 6,000
Accounts receivable ..... 25,000
Work in process inventory . 45,000
Supplies ......... 15,000
Materials inventory .... 24,000
Cash ........... 32,000

Prepare the Current Assets section of Ellison Company’s at December 31, 2008.

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