Question: Use the following data to determine the total dollar amount of assets to be classified as current assets. Sunland Company Balance Sheet December 31, 2025

Use the following data to determine the total dollar amount of assets to be classified as current assets. Sunland Company Balance Sheet December 31, 2025 Cash $186000 Accounts payable $210000 Accounts receivable 141000 Salaries and wages payable 30500 Inventory 160000 Mortgage payable 249500 Prepaid insurance 85300 Total liabilities 490000 Stock investments (Long-term) 252000 Land 279000 Buildings $303000 Common stock 340300 Less: Accumulated depreciation (61000) 242000 Retained earnings 739000 Goodwill 224000 Total stockholders' equity 1079300 Total assets $1569300 Total liabilities and stockholders' equity $1569300 $412300 $487000 $572300 $824300

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