Problem 5-7

3 E5-7 (Current Assets Section of the Balance Sheet) Presented below are selected accounts of Yasunari Kawabata Company at December 31, 2014 Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Equity Investments (short-term) Customer Advances Restricted Cash for Plant Expansion $52,000 90,000 253,000 34,000 37,000 31,000 36,000 50,000 Cost of Goods Sold Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allowance for Doubtful Accounts Licenses Additional Paid-in Capital Treasury Stock $2,100,000 40,000 161,000 207,000 60,000 12,000 18,000 88,000 22,000