Question 1 View Policies Current Attempt in Progress Presented below are selected accounts of Martinez Company at December 31, 2017. Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash (not including restricted cash) Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion $57,900 Cost of Goods Sold 98,300 Notes Receivable 253.400 Accounts Receivable 43,300 Inventory (raw materials) 39,800 Supplies Expense 40,600 Allowance for Doubtful Accounts 43,900 Licenses 58,200 Additional Paid-in Capital Treasury Stock $2,128.900 37,000 170,550 169,070 58.170 12,320 16,360 93.410 23,530 The following additional information is available. 1. Inventories are valued at lower-of-cost-or-market using LIFO. 2. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $55,026. 3. The short-term investments have a fair value of $27,860. 4. The notes receivable are due April 30, 2019, with interest receivable every April 30. The notes bear interest at 6%. (Hint: Accrued interest due on December 31, 2017.) 5. The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $50,400 are pledged as collateral on a bank loan. 6. Licenses are recorded net of accumulated amortization of $14,010. 7. Treasury stock is recorded at cost. Prepare the current assets section of Martinez Company's December 31, 2017, balance sheet, with appropriate disclosures. (List Current Assets in order of liquidity. Enter account name only and do not provide the descriptive information provided in the question.) Prepare the current assets section of Martinez Company's December 31, 2017, balance sheet, with appropriate disclosures. (List Current Assets in order of liquidity. Enter account name only and do not provide the descriptive information provided in the question.) MARTINEZ COMPANY Balance Sheet (Partial)