Current Attempt in Progress The following additional information is available.

Inventories are valued at lower$-$of$-$cost$-$or$-$market using LIFO.

Equipment is recorded at cost$.$ Accumulated depreciation, computed on a straight$-$line basis, is $$45,845.$

The short$-$term investments have a fair value of $$26,710.$

The notes receivable are due April $30,2027,$ with interest receivable every April $30.$ The notes bear interest at $6\%.($Hint:

Accrue interest due on December $31,2025.)$

The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $$50,000$ are pledged as

collateral on a bank loan.

Licenses are recorded net of accumulated amortization of $$15,210.$

Treasury stock is recorded at cost$.$

Prepare the current assets section of Sheridan Company's December $31,2025,$ balance sheet, with appropriate disclosures. $($List

Current Assets in order of liquidity. Enter account name only and do not provide the descriptive information provided in the

question.$)$

Presented below are selected accounts of Sheridan Company at December $31,2025.$