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

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

Blue Spruce Corp. Balance Sheet December 31, 2022

Cash

 $129700

Accounts payable

 $152500

Accounts receivable

 122500

Salaries and wages payable

 26100

Inventory

 210800

Mortgage payable

 268600

Prepaid insurance

 90000

Total liabilities

 $447200

Stock investments (long-term)

 253000

Land

 284500

Buildings

 $335000

Common stock

 $365000

Less: Accumulated depreciation

 (59800) 275200

Retained earnings

 763100

Trademarks

 209600

Total stockholders' equity

 $1128100

Total assets

 $1575300

Total liabilities and stockholders' equity

 $1575300

$342200

$553000

$806000

$1015600

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