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Flex Corporation adjusted trial balance included the following account balances on December 31, 2022 (Note some of the accounts have a debit and some have

Flex Corporation adjusted trial balance included the following account balances on December 31, 2022 (Note some of the accounts have a debit and some have a credit balance):

Cash

$28,000

Accounts Receivable

54,000

Inventories

16,000

Patent

8,000

Investments

12,000

Prepaid Insurance

4,000

Unearned rent revenue

50,000

Allowance for bad debt

12,000

Land held for speculative reasons

36,000

Building

70,000

Accumulated Depreciation on Building

50,000

Investments consist of trading securities. Prepaid insurance will expire next year (2023). What amount should be included in the current asset section of Flex’s December 31, 2022, balance sheet?

Group of answer choices

$102,000

$98,000

$140,000

$90,000

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