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

Use the following data to determine the total dollar amount of assets to be classified as current assets. Cheyenne Corp. Balance Sheet December 31, 2022 Cash $129200 Accounts payable $167500 Salaries and wages Accounts receivable 120000 28300 payable Inventory 212800 Note payable (due 2025) 265500 Short-term investments 92700 Total liabilities $461300 Land (held for future 250500 use) Land 281500 Buildings $336000 Common stock $363500 Less: Accumulated (63300) 272700 Retained earnings 745300 depreciation Total stockholders' Franchise 210700 $1108800 equity Total liabilities and Total assets $1570100 stockholders' $1570100 equity O $341900 O $1015900 O $554700 O $805200

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