Question 33:54 View Policies Current Attempt in Progress Hide Timer Use the following data to determine the total dollar amount of assets to be classified as current assets. Concord Corporation Balance Sheet December 31, 2017 Cash $194000 Accounts payable $198000 Accounts receivable 160000 Salaries and wages payable 29000 Inventory 153000 Mortgage payable 244500 Prepaid insurance 89100 Total liabilities $471500 Stock investments (long-term) 270000 Land 298000 Buildings $321000 Common stock $434600 Less: Accumulated depreciation (62000) 259000 Retained earnings 736000 Trademarks 219000 Total stockholders' equity $1170600 Total liabilities and Total assets $1642100 $1642100 stockholders' equity $866100 $596100 O $507000 $443100 Save for Later Last saved 1 second ago. Saved work will be auto-submitted on the due date. Attempts: 0 of 1 used Submit