The costs above relate to making both the lip balm and the tube that contains it. as an alternative to making the tubes for chap-off, silven has approached a supplier to discuss the possibility of buying the tubes. the purchase price of the supplier's empty tubes would be $1.35 per box of 24 tubes. if silven industries stops making the tubes and buys them from the outside supplier, its direct labor and variable manufacturing overhead costs per box of chap-off would be reduced by 10% and its direct materials costs would be reduced by 25%.

Suppose the following items were taken from the 2017 financial statements of whispering winds corp.. (all dollars are in millions.) common stock $3,230 accumulated depreciation—equipment $3,940 prepaid rent 175 accounts payable 1,560 equipment 6,940 patents 2,270 stock investments (long-term) 670 notes payable (long-term) 780 debt investments (short-term) 1,740 retained earnings 6,175 income taxes payable 150 accounts receivable 1,740 cash 1,290 inventory 1,010 prepare a classified balance sheet in good form as of december 31, 2017. (list current assets in order of liquidity.)