1. 2. Coronado Corporation has the following accounts included in...
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Coronado Corporation has the following accounts included in its December 31, 2020, trial balance: Accounts Receivable $ 119,100, Inventory $ 294,700, Allowance for Doubtful Accounts $9,780, Patents $74,800, Prepaid Insurance $ 9,510, Accounts Payable $ 82,500, and Cash $ 34,700. Prepare the current assets section of the balance sheet. (List Current Assets in order of liquidity.) CORONADO CORPORATION Balance Sheet (Partial) $ $ $ Martinez Corporation has the following accounts included in its December 31, 2020, trial balance: Equity Investments (to be sold in the next 6 months) $ 30,500, Goodwill $ 158,300, Prepaid Insurance $ 13,700, Patents $ 228,600, and Franchises $ 112,900. Prepare the intangible assets section of the balance sheet. MARTINEZ CORPORATION Balance Sheet (partial) $ $ $
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