Cash $ 12,000 Land 30,000 Long-term investments 15,000 Merchandise inventory 6,000 Notes receivable (due in 30 days) 1,000 Notes receivable (due in 5 years) 5,000 Prepaid insurance 1,500 Short-term investments 10,000 Supplies 250 Total assets $ 80,750 The company's unclassified balance sheet reported the assets listed in the above table. The total current assets that would be reported on a classified balance sheet prepared for the company are: multiple choice $20,750 $24,750 $30,750 $80,750