Cirrent Assets and Current Bablities Hansen Construction has an operating cycle of 9 mocths. On December 31 , Horison has the following asvets and liabilites: a. A note recrivable in the amount of $1,200 to be collected in 6 menths b. Cash totaling $460 c. Accosnts payoble totaing $1,500, all of which will be pald within 2 months d. Accounts receivable sotaling $12,000, including an account for $5,000 that wit be paid in 2 montha and an acceunt for $4,060 that will be pols in 18 months e. Construction supplies cossing $8,800, all of which will be used in conotriction wathin the next 12 months t. Construction equipment costing $60,000, on which depreciation of $22,400 has eccumulated 9. A note payable to the bank in the ameunt of $7,600 is to be paid within the neat year