Question: Use the following data to determine the total dollar amount of assets to be classified as current assets. Ayayai Corp. Balance Sheet December 31, 2017

Use the following data to determine the total dollar amount of assets to be classified as current assets.

Ayayai Corp.
Balance Sheet
December 31, 2017

Cash

$186000

Accounts payable

$203000

Accounts receivable

144000

Salaries and wages payable

29500

Inventory

172000

Mortgage payable

234000

Prepaid insurance

94900

Total liabilities

$466500

Stock investments (long-term)

272000

Land

251000

Buildings

$320000

Common stock

$390400

Less: Accumulated depreciation

(61500) 258500

Retained earnings

743500

Trademarks

222000

Total stockholders' equity

$1133900

Total assets

$1600400

Total liabilities and stockholders' equity

$1600400
A

$502000

B

$596900

C

$868900

D

$424900

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