Prepare the Current Asset Section in Balance Sheet.

Solve this question in much and much numerical details that why some accounts are not included, the one included should be mentioned properly. This is my third time asking this question, but not much explanation.

Q3: Duggan Corporation has the following accounts included in its December 31, 2019, trial balance: Accounts Receivable $110,000: Inventory S290,000: Allowance for Doubtful A $8,000; Patents $72,000; Prepaid Insurance $9.500: Accounts Payable 577,000 Cash 530.000 Advance $10,000; Trading Securities comprising of T-bill and commercial paper 55.000 having maturity up 60 days and 90 days respectively. Stock investment $25,000 with company intension to sell it after 6 months: Cash specified for charity $30,000: Deferred taxes 55.000; Line of credit $60,000 Requirement 1. Prepare the current assets section of the balance sheet, listing the accounts in proper sequence. (03)