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Question - Partial balance sheet data for Ellison Company at December 31, 2008 are as follows

Finished goods inventory 12500

Prepaid Insurance 6000

Accounts receivable 25,000

Work in process inventory 45000

Supplies 15000

Materials Inventory 24000

Cash 32000

Prepare the Current Assets section of Ellison Company's balance sheet at December 31, 2008?

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