1.The following information obtained from Blanchard Company as of December 31, 2010 Cash $ 200 Accumulated Depreciation- Building $ 1,000 400 Franchise 1,800 Investments in Short- Term Government Securities Accounts Receivable 800 Accounts Payable 1,600 Inventory 3,000 400 Revenues Received in Advance Prepaid Rent 100 Notes Payable in two years) 4,000 2,700 John Blanchard, Capital 12,000 Investment in Land Held for future use Land 2,000 Building 8,000 Using the above information, compute the total current assets. (Please show your computation in the blank space below) (4 Points)