1. Baxter Hoffman recently received the following information related to Hoffman Company’s December 31, 2010, balance sheet.
|
Prepaid expenses |
$ 2,300 |
Inventory |
$3,400 |
|
Cash |
800 |
Accumulated depreciation |
2,700 |
|
Property, plant, and equipment |
10,700 |
Accounts receivable |
1,100 |
|
Prepare the assets section of Hoffman Company’s balance sheet. |