5 Test 12. 10.00 points Brief Exercise 5-25 Contract assets and contract liabilities [LO5-8] Holt Industries received a $3,100 prepayment from the Ramirez Company for the sale of new office furniture. Holt will bill Ramirez an additional $4,100 upon delivery of the furniture to Ramirez Upon receipt of the $3,100 prepayment, how much should Holt recognize for a contract asset, a contract liability, and accounts receivable? Contract asset Contract liability Accounts receivable Worksheet LOS8 TOSH esc 2 3 4 5 tab