Prepare the current assets section of the balance sheet at December 31 for Bin Manufacturing using the following information.

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$22,000 Selling expenses.. Finished goods inventory. Cash..... $12,000 Accounts payable... Raw materials inventory...... General and administrative expenses... 2,000 22,000 8,000 Work in process inventory 18,000 42,000 Prepaid insurance.. 4,000 Accounts receivable, net. 12,000 Cost of goods sold 33,000