Question: Use the following data to determine the total dollar amount of assets to be classified as current assets. Cash and cash equivalents $126000 Accounts receivable

 Use the following data to determine the total dollar amount of

Use the following data to determine the total dollar amount of assets to be classified as current assets. Cash and cash equivalents $126000 Accounts receivable 11900 151000 $288900 Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation Blue Spruce Corp Balance Sheet December 31, 2022 $75000 Accounts payable 93500 Salaries and wages payable 147500 Bonds payable 82500 Total liabilities 195000 186500 $208000 Common stock (67000) 141000 Retained earnings Total stockholders 127000 equity Total liabilities and $1048000 stockholders equity $258100 501000 $759100 Trademarks $1048000 Total assets $288900 $398500 $25 1000

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