Springfield Corporation reported the following selected items at February 28, 2024:

Prepare the current assets section of Springfield's statement of financial position. (List Current Assets in order of liquidity.)

SPRINGFIELD CORPORATION

 

Accounts payable	$1,163,120
Accounts receivable	582,800
Allowance for expected credit losses	37,200
Cash	186,000
Credit losses	29,760
Deferred revenue	6,200
Estimated inventory returns	23,560
Inventory	471,200
Notes receivable —due November 1, 2024	372,000
Notes receivable-due April 1, 2027	496,000
Prepaid rent	9,920
Sales tax recoverable	47,120
Trading investments	409,200