Partial balance sheet data for Flat Top Company at December 31, 2016, are as follows:
Finished goods inventory $39,000
Prepaid insurance 26,250
Accounts receivable 104,500
Work in process inventory 156,500
Supplies 70,100
Materials inventory 89,750
Cash 119,000
1. Prepare the Current Assets section of Flat Top Company’s balance sheet at December 31, 2016.
2. Prepare the Current Assets section of Flat Top Company’s balance sheet at December 31, 2016.

Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against. national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not. free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against. infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.