Exercise 185 Listed below are current asset items for Lester Company at December 31, 2016.

Finished goods inventory	$35,000
Cash	22,000
Prepaid expenses	2,000
Accounts receivable	4,000
Short-term investments	25,000
Raw materials inventory	17,000
Work in process inventory	23,000
Supplies	500

Prepare the current assets section of the balance sheet.(List Current Assets in order of liquidity.)

LESTER COMPANY (Partial) Balance Sheet December 31, 2016
Current AssetsCashAccounts ReceivableFinished GoodsShort-term InvestmentsWork in ProcessRaw MaterialsInventoriesSuppliesPrepaid ExpensesTotal Current Assets
SuppliesTotal Current AssetsAccounts ReceivableCurrent AssetsCashShort-term InvestmentsFinished GoodsInventoriesWork in ProcessRaw MaterialsPrepaid Expenses	$
Current AssetsInventoriesShort-term InvestmentsTotal Current AssetsAccounts ReceivablePrepaid ExpensesCashFinished GoodsWork in ProcessRaw MaterialsSupplies
CashInventoriesWork in ProcessFinished GoodsShort-term InvestmentsAccounts ReceivableRaw MaterialsTotal Current AssetsPrepaid ExpensesSuppliesCurrent Assets
Prepaid ExpensesCashAccounts ReceivableSuppliesWork in ProcessRaw MaterialsFinished GoodsCurrent AssetsShort-term InvestmentsInventoriesTotal Current Assets
Work in ProcessFinished GoodsAccounts ReceivableRaw MaterialsTotal Current AssetsPrepaid ExpensesCashShort-term InvestmentsSuppliesCurrent AssetsInventories	$
Raw MaterialsCashShort-term InvestmentsPrepaid ExpensesSuppliesCurrent AssetsInventoriesTotal Current AssetsAccounts ReceivableFinished GoodsWork in Process
Short-term InvestmentsSuppliesRaw MaterialsPrepaid ExpensesWork in ProcessCurrent AssetsTotal Current AssetsInventoriesCashAccounts ReceivableFinished Goods	$
Work in ProcessRaw MaterialsCurrent AssetsFinished GoodsPrepaid ExpensesCashSuppliesAccounts ReceivableInventoriesTotal Current AssetsShort-term Investments
Work in ProcessShort-term InvestmentsPrepaid ExpensesFinished GoodsRaw MaterialsAccounts ReceivableCurrent AssetsSuppliesInventoriesTotal Current AssetsCash
Finished GoodsShort-term InvestmentsInventoriesTotal Current AssetsSuppliesCurrent AssetsAccounts ReceivableCashWork in ProcessRaw MaterialsPrepaid Expenses	$

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