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Beginning inventory 38000 Ending inventory 37000 Cost of goods sold 143000 Calculate the purchases Mazoon Co.'s trial balance included the following account balances at December

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Beginning inventory 38000 Ending inventory 37000 Cost of goods sold 143000 Calculate the purchases Mazoon Co.'s trial balance included the following account balances at December 31, 2018: Accounts receivable $10000 Inventories 41500 Copyright 9500 Investments 19000 Prepaid insurance 11500 Accounts payable 52000 Investments consist of treasury bills that were purchased in November 2018 and mature in December 2020. Prepaid insurance is for the next two years. What amount should be included in the current asset section of Mazoon's December 31, 2018, statement of financial position

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