a) Determine which accounts are current assets and prepare the current assets section of the balance sheet as of December 31, 2021, with the accounts in order of decreasing liquidity.

b) for each account that is not classified as a current asset, indicate how it would be classified on the balance sheet.

Question 5 The December 31, 2021, adjusted trial balance of Cullumber Company includes the following accounts: Accounts receivable $13,000 Patents $3,900 Prepaid insurance 1,700 Unearned revenue 3,000 Goodwill 8,600 Cash 17,600 Supplies 4,100 Short-term investments 8,700 Vehicles 23,300 Merchandise inventory 9,100 Notes receivable (due February 1, 2023) 5,100