M8-13 Caterpillar Inc., reported the following accounts and amounts (in millions) in its December 31, 2010, year-end financial statements.

Caterpillar Inc., reported the following accounts and amounts (in millions) in its December 31, 2010, year-end financial statements. Prepare the current assets section of a classified balance sheet. Assume that the Allowance for Doubtful Accounts relates to Accounts Receivable rather than Notes Receivable.

Accouts Payable                                    $5,856             Long-Term Debt                                $30,675

Accounts Receivable                             17,149             Long-Term Notes Receivable          12,057

Accumulated Depreciation                  12,367               Notes Receivable-Current                     931

Allowance for Doubtful Accounts            357                 Other Current Assets                             908

Cash and Cash Equivalents                   3,592               Other Current Liabilities                  12,239

Inventories                                             9,587              Other Noncurrent Assets               7,614                   

Loans Payable-Current                           3,925                Property, Plant, and Equipment     24,906