Question: Larkspur Corporation's adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $8,920, Land $40,300, Patents $14,300, Accounts Receivable $96,470, Prepaid

Larkspur Corporation's adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $8,920, Land $40,300, Patents $14,300, Accounts Receivable $96,470, Prepaid Insurance $5,530, Inventory $36,300, Allowance for Doubtful Accounts $4,490, and Equity Investments (to be sold in the next quarter) $15,750. Prepare the current assets section of the balance sheet. (List Current Assets in order of liquidity.) Current Assets Cash Accounts Receivable LARKSPUR CORPORATION Balance Sheet (Partial) December 31, 2020 For the Year Ended December 31, 2020 For the Quarter Ended December 31, 2020

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