Buckeye Company reported the following assets accounts in its balance sheets at January 1, 2005 and December 31, 2005: January 1, 2005 December 31, 2005 Accounts receivable 40,000 ? Cash 30,000 42,000 Equipment 75,000 88,000 Inventory 50,000 ? Land 60,000 80,000 Buckeye Company's 2005 income statement reported sales revenue of $500,000. Buckeye Company also reported the following financial statement ratios for 2005: Gross profit rate 41.5% Average collection period 18.25 days Inventory turnover 4.5 Calculate Buckeye Company's total current assets at December 31, 2005