Prepare a balance sheet in good form. (List Current Assets in order of liquidity.) View Policies Current Attempt in Progress The following balance sheet was prepared by the bookkeeper for Sheridan Company as of December 31, 2020. Sheridan Company Balance Sheet as of December 31, 2020 Cash $98,000 Accounts payable Accounts receivable (net) 52,200 Bonds payable Inventory 62,000 Stockholders' equity Investments 79,100 Equipment (net) 107,000 Patents 33,000 $431,300 $78,000 100,000 253,300 $431,300 The following additional information is provided: 1 2. Cash includes the cash surrender value of a life insurance policy $9,100, and a bank overdraft of $2,900 has been deducted. The net accounts receivable balance includes: (a) accounts receivable-debit balances $60,000; (b) accounts receivable-credit balances $3,900; (c) allowance for doubtful accounts $3,900. Inventory does not include goods costing $3,500 shipped out on consignment. Receivables of $3,500 were recorded on these goods. Investments include investments in common stock, trading $20,500 and available-for-sale $50,500, and franchises $8,100. 3 4. Cash Land and Buildings Inventories Accumulated Depreciation Unearned Revenue Equipment Held for Sale Franchises Bonds Payable Trading Securities Available-for-Sale Securities Allowance for Doubtful Accounts Equipment Prepaid Expenses Accounts Receivable Cash Surrender Value Patents Goodwill Bank Overdraft