Suppose the following items were taken from the december 31, 2017, assets section of the waterway industries balance sheet. (all dollars are in millions.)inventory $17,330 patents $13,390notes receivable—due after december 31, 2018 5,490 buildings 21,590notes receivable—due before december 31, 2018 385 cash 8,700accumulated depreciation—buildings 12,530 accounts receivable 5,670debt investments (short-term) 1,670prepare the assets section of a classified balance sheet. (list the current assets in order of liquidity.)waterway industriespartial balance sheetsuppose the following items were taken from the de for the month ended december 31, 2017for the year ended december 31, 2017december 31, 2017(in millions)assetssuppose the following items were taken from the de stockholders' equitytotal liabilitiestotal intangible assetstotal long-term liabilitiestotal assetstotal liabilities and stockholders' equityproperty, plant and equipmenttotal long-term investmentscurrent assetstotal property, plant and equipmentcurrent liabilitiestotal stockholders' equityintangible assetslong-term investmentslong-term liabilitiestotal current liabilitiestotal current assets

1. revising for conciseness - eliminating flabby expressions, limiting long lead-ins, and dropping unnecessary fillerstime is money in any business environment. people want information communicated quickly and clearly. to make your writing more concise and understandable, avoid flabby expressions, long lead-ins, and unnecessary fillers. your audience will appreciate your brevity.1. if your writing contains a flabby expression like in view of the fact that, replace it with the word because / although / probably .for each of the following two sentences, choose the best revision.2. i am sending you this letter to inform you that we have experienced an unexpected surprise within our expense sheet, but we are positively certain we will solve it.1) we need to inform you that we have experienced an unexpected surprise with our expense sheet, but we are midway to an end result.2) we have identified a problem with our expense sheet, but we will solve it.3) i am sending you this letter to inform you that we have a problem with our expense sheet, but we are positively certain we have a solution.3. it is the user who should contact the center.1) everyone knows that it is the user who should contact the center.2) the user should contact the center.3) if there is a problem, the user should contact the center. read the following passage, and then answer the question.[1] you scheduled seven conference calls for this morning between 10 and 11 a. m. [2] generally, the company limits the number of conference calls to three per hour. [3] i’m letting you know that in the future, we should be more careful about scheduling.4. which revision limits the long lead-in in sentence 3? 1) in the future, we should be more careful about scheduling.2) i’m letting you know so that in the future we are more careful about scheduling calls.3) so that you know in the future, we should be more careful about scheduling.