Included in the December 31 trial balance of Rivera Company are the following assets.
|
Cash |
$ 190,000 |
|
Equipment (net) |
1,100,000 |
|
Prepaid insurance |
41,000 |
|
Raw materials |
335,000 |
|
Work in process |
$200,000 |
|
Receivables (net) |
400,000 |
|
Patents |
110,000 |
|
Finished goods |
170,000 |
Prepare the current assets section of the December 31 balance sheet.