Gala, Inc 2014, incurred a net loss of $20,000 for 2014 he balance sheet at December 3 for Gala, Ine., inchudes the following inems in random order A Land $21,000 F Buildin LNotes payable (due in three years) 1 80,000 80,000 25,000 Retained earnings Cash Capital stock Salaries payable Prepaid insurance 75,000 43,000 300,000 12,000 Vinventory VAccounts receivable 9,000 55,000 33,000 1. Calculate the amount of the total current assets. Required Computation: 2. Calculate the amount of the total current liabilities s 97000 Clount payable + Salatin uyable = 7sooo+ ^200