Response to the following problem:
Partial balance sheet data for Ellison Company at December 31, 2008, are as follows:
Finished goods inventory ... $12,500
Prepaid insurance ............... 6,000
Accounts receivable ........... 25,000
Work in process inventory ... 45,000
Supplies ......................... 15,000
Materials inventory ............ 24,000
Cash ............................. 32,000
Prepare the Current Assets section of Ellison Company's balance sheet at December 31, 2008.