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,

Use the following data to determine the total dollar amount of assets to be classified as current assets. Sunland Company Balance Sheet December 31, 2022 Cash $128400 Accounts payable $175000 Salaries and wages Accounts receivable 123200 29600 payable Inventory 201800 Note payable (due 2025) 269000 Short-term investments 95000 Total liabilities $473600 Land (held for future 254000 use) Land 289000 Buildings $336000 Common stock $356500 Less: Accumulated depreciation (61200) 274800 Retained earnings 750100 Total stockholders' Franchise 214000 $1106600 equity Total liabilities and Total assets $1580200 stockholders $1580200 equity

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