12.

The December 31, 2021 (pre-closing) adjusted trial balance for Kline Enterprises was as follows: Debit Credit 92,000 172,000 262,000 492,000 Account Title Accounts payable Accounts receivable Accumulated depreciation-equipment Common stock Cash Cost of goods sold Depreciation expense Equipment Interest expense Inventory Note payable (due in six months) Rent expense Retained earnings Salaries payable Sales revenue Salaries expense Totals 28,000 482,000 62,000 704,000 6,000 152,000 62,000 32,000 66,000 10,000 776,000 122,000 1,760,000 1,760,000 Required: Compute Kline's 12/31/2021 total current assets: Current assets