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