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\begin{tabular}{lccc} & \multicolumn{1}{c}{\begin{tabular}{c} Swifty Company \\ Balance Sheet \\ As of July 31, 2025 \end{tabular}} & \\ \hline Cash & $75,900 & Notes and accounts payable & $48,400 \\ Accounts receivable (net) & 44,550 & Long-term liabilities & 82,500 \\ Inventory & 66,000 & Stockholders' equity & 170,900 \\ \hline Equipment (net) & 92,400 & & \\ Patents & 22,950 & & \\ \hline & $301,800 & & \\ \hline \end{tabular} The following additional information is provided. 1. Cash includes $1,320 in a petty cash fund and $16,500 invested in a 24 -month certificate of deposit. 2. The net accounts receivable balance is comprised of the following two items: (a) accounts receivable $48,400 and (b) allowance for doubtful accounts $3,850. 3. Inventory costing $5,830 was shipped out on consignment on July 31,2025 . The ending inventory balance does not include the consigned goods. Receivables in the amount of $5,830 were recognized on these consigned goods. 4. Equipment had a cost of $123,200 and an accumulated depreciation balance of $30,800. 5. Income taxes payable of $6,600 were accrued on July 31 . Swifty Company, however, had set up a cash fund to meet this obligation. This cash fund was not included in the cash balance but was offset against the income taxes payable amount. Prepare a corrected classified balance sheet as of July 31, 2025, from the available information, adjusting the account balances using the additional information. (List Current Assets in order of liquidity.)

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