Question: Partial balance sheet data for Flat Top Company at December 31, 2016, are as follows: Finished goods inventory $41,750 Prepaid insurance 27,250 Accounts receivable 105,500

Partial balance sheet data for Flat Top Company at December 31, 2016, are as follows:

Finished goods inventory	$41,750
Prepaid insurance	27,250
Accounts receivable	105,500
Work in process inventory	155,000
Supplies	71,600
Materials inventory	87,500
Cash	110,000

Prepare the Current Assets section of Flat Top Companys balance sheet at December 31, 2016. Refer to the Labels and Accounts list provided for the exact wording of the answer choices for text entries.

Balance Sheet

Flat Top Company

Balance Sheet

December 31, 2016

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10	Total current assets

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