Cain Auto Supplies Balance Sheet 31-Dec-23 $20,000 Accounts Payable $76,000 Cash Prepaid Insurance 36,000 Interest Payable...

 

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Cain Auto Supplies Balance Sheet 31-Dec-23 $20,000 Accounts Payable $76,000 Cash Prepaid Insurance 36,000 Interest Payable 2,000 Accounts Receivable 60,000 Mortgage Payable 216,000 Inventory 204,000 Total Liabilities $294,000 Land held for investment 96,000 Land 90,000 Common Stock $104,000 Building 132,000 Retained Earnings 300,000 Less Accumulated Depreciation (24,000) 108,000 Total Stockholders' equity $404,000 Trademark 84,000 Total Liabilities and Total Assets $698,000 Stockholders' Equity $698,000 The total dollar amount of assets to be classified as current assets is Cain Auto Supplies Balance Sheet 31-Dec-23 $20,000 Accounts Payable $76,000 Cash Prepaid Insurance 36,000 Interest Payable 2,000 Accounts Receivable 60,000 Mortgage Payable 216,000 Inventory 204,000 Total Liabilities $294,000 Land held for investment 96,000 Land 90,000 Common Stock $104,000 Building 132,000 Retained Earnings 300,000 Less Accumulated Depreciation (24,000) 108,000 Total Stockholders' equity $404,000 Trademark 84,000 Total Liabilities and Total Assets $698,000 Stockholders' Equity $698,000 The total dollar amount of assets to be classified as current assets is