The bookkeeper for splish company has prepared the following balance sheet as of july 31, 2017.splish companybalance sheetas of july 31, 2017cash $ 72,080 notes and accounts payable $ 47,080accounts receivable (net) 43,580 long-term liabilities 78,080inventory 63,080 stockholders’ equity 158,580equipment (net) 84,000 $283,740patents 21,000 $283,740 the following additional information is provided.1. cash includes $1,200 in a petty cash fund and $10,960 in a bond sinking fund.2. the net accounts receivable balance is comprised of the following two items: (a) accounts receivable $47,080 and (b) allowance for doubtful accounts $3,500.3. inventory costing $5,090 was shipped out on consignment on july 31, 2017. the ending inventory balance does not include the consigned goods. receivables in the amount of $5,090 were recognized on these consigned goods.4. equipment had a cost of $115,080 and an accumulated depreciation balance of $31,080.5. income taxes payable of $6,000 were accrued on july 31. splish 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, 2017, from the available information, adjusting the account balances using the additional information. (list current assets in order of