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A company reported the following information at December 31, Year 1: Accounts payable $ 4,600 Accounts receivable $ 9,450 Cash $ 24,490 Common Stock $
A company reported the following information at December 31, Year 1:
| Accounts payable | $ | 4,600 | |
| Accounts receivable | $ | 9,450 | |
| Cash | $ | 24,490 | |
| Common Stock | $ | 91,000 | |
| Equipment | $ | 50,500 | |
| Inventory | $ | 32,200 | |
| Notes Payable due December 31, Year 3 | $ | 2,600 | |
| Retained Earnings, December 31, Year 1 | $ | 14,190 | |
| Wages payable | $ | 4,250 | |
| What is the amount of current assets on the classified balance sheet? $38,680 $66,140 $116,640 $24,490
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