Question: Classified Balance Sheet Using the information shown below for Thompson Company as of December 31, 2019, answer the question that follows. Prepaid Rent 200 Franchise

 Classified Balance Sheet Using the information shown below for Thompson Company

Classified Balance Sheet Using the information shown below for Thompson Company as of December 31, 2019, answer the question that follows. Prepaid Rent 200 Franchise 3,600 Cash 400 Land 4,000 Investment in Land Held for Marketable Secunties 800 5,400 future use Revenues Received in Advance 800 Inventory 6,000 Accounts Receivable 1,600 Notes Payable (in two years) 8,000 Accumulated Depreciation- 2,000 Building 16,000 Building Accounts Payable 3,200 Jane Thompson, Capital 24,000 Required: What is the amount for Total Current assets? (Enter your answer as follows $X.XXX.XX; do not show workings)

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