Oriole Company has collected the following information related to its December 31, 2017, balance sheet. Accounts receivable $16,000
Accumulated depreciation—equipment 46,700
Cash 11,000

Equipment $173500
Inventory 64,500
Supplies 5,000

Requried:
Prepare the assets section of Oriole's balance sheet.

Assets side of the Balance Sheet:

Assets:

Current Assets:

Cash                               $11,000

Accounts Receivable      16,000

Supplies                           5,000

Inventory                       64,500           $96,500

Non-current assets:

Equipment                 $173,500

less acc. depreciation   47,700          $125,800

Total Assets                                      $222,300

Explanation:

The assets side of the balance sheet is usually prepared in the order of liquidity, starting with the most liquid assets, Cash in the Current Assets subsection, or working capital for running the operations of the business.  It ends with the most illiquid assets called non-current assets, which form the core resources of the entity in generating revenue.  The accumulated depreciation is subtracted from the non-current assets to obtain the net non-current or fixed assets value.

i think it is sales-oriented, but i am not sure

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explanation: