Prepare the current assets section of the December 31 balance sheet.

Included in the December 31 trial balance of Rivera Company are the following assets.

Cash

$   190,000

Work   in process

$200,000  

Equipment (net)

1,100,000  

Receivables   (net)

400,000  

Prepaid insurance

41,000  

Patents  

110,000  

Raw materials

335,000  

Finished   goods

170,000  

Prepare the current assets section of the December 31 balance sheet.

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