Question: Partial balance sheet data for Flat Top Company at December 31, 2016, are as follows: Prepare the Current Assets section of Flat Top Company's balance

Partial data for Flat Top Company at December 31, 2016, are as follows:

Prepare the Current Assets section of Flat Top Company's balance sheet at December 31, 2016.

Finished goods inventory Prepaid insurance Accounts receivable Work in process inventory 40,250 27,500 105,000 157,500 Supplies Materials inventory Cash 71,300 87,500 112,000

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