Listed Below Are Current Asset Items for Lester Company at December

Essay

Listed below are current asset items for Lester Company at December 31 2016. $$\begin{array} { l r l r } \text { Finished goods inventory } & \$ 35,000 & \text { Short-term investments } & \$ 25,000 \\\text { Cash } & 22,000 & \text { Raw materials inventory } & 17,000 \\\text { Prepaid expenses } & 2,000 & \text { Work in process inventory } & 23,000 \\\text { Accounts receivable } & 4,000 & \text { Supplies } & 500\end{array}$$ Instructions
Prepare the current assets section of the balance sheet. (Include a complete heading.)