Presented below are selected accounts of yasunari kawabata company at december 31, 2014.inventory (finished goods) $59,810 cost of goods sold $2,136,000unearned service revenue 90,870 notes receivable 51,100equipment 257,400 accounts receivable 161,160inventory (work in progress) 38,000 inventory (raw materials) 208,210cash 38,670 supplies expense 78,707equity investment (short-term) 34,880 allowance for doubtful accounts 12,240customer advances 50,200 licenses 18,670restricted cash for plant expansion 51,430 additional paid-in capital 97,360treasury stock 27,650the following additional information is available. inventories are valued at lower-of-cost-or-market using lifo. equipment is recorded at cost. accumulated depreciation, computed on a straight-line basis, is $57,810.the short-term investments have a fair value of $32,760. (assume they are trading securities.)the notes receivable are due april 30, 2016, with interest receivable every april 30. the notes bear interest at 6%. (hint: accrued interest due on december 31, 2014.)the allowance for doubtful accounts applies to the accounts receivable. accounts receivable of $56,700 are pledged as collateral on a bank loan. licenses are recorded net of accumulated amortization of $14,450.treasury stock is recorded at costprepare the current assets section of yasunari kawabata company