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Prepare the current assets section of the balance sheet for Case 1. Assume that in Case 1 the other item $690, and Prepaid Expenses $490. (List Current Assets in order of liquidity.) CASE 1 (Partial) Balance Sheet Current Assets Cash Receivables OO Inventories Raw Materials Work in Process 7780 Finished Goods 4130 Prepaid Expenses 15 Total Current Assets Click if you would like to show Work for this question: non 490 1 Prepare the current ses section of the balance sheet for Case. Assume that in Cases the other items in the current section are as follows: Cash 33,330, Maceivables (net) 515,410, Raw Matera 10, and Prepaid Expenses $450 (ist Current Assinado) CASE (Partial) Balance Sheet Study Durres Cash BH 7700 4110 490 Your answer is partially correct. Try again. udy. Prepare an income statement for Case 1. CASE 1 Income Statement Sales Revenue 25250 Less Sales Discounts 2790 Net Sales 22460 Cost of Goods Sold Finished Goods Inventory, Beginning 4820 Cost of Goods Manufactured 17980 Cost of Goods Available for Sale 22800 Finished Goods Inventory, Ending 4130 Cost of Goods Sold Gross Profit 18670 Operating Expenses 3790 Net Income / (205) 3260 Prepare the current assets section of the balance sheet for Case 1. Assume that in Case 1 the other items in the current assets so90, and Prepaid Expenses $490. (List Current Assets in order of liquidity.) 530 ype here to search