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Given the following account information for XYZ Corporation, calculate the $ value for total current assets. Merchandise Inventory $ 250,000 Cost of goods sold $

Given the following account information for XYZ Corporation, calculate the $ value for total current assets.

Merchandise Inventory

$ 250,000

Cost of goods sold

$ 1,523,000

Insurance expense

$ 100,000

Land

$ 100,000

Bond financing

$ 400,000

Advertising expense

$ 145,000

Sales

$ 2,486,000

Taxes payable

$ 26,000

Equipment

$ 445,000

Cash

$ 79,000

A/Receivable

$ 120,000

Sales Salary expense

$ 240,000

Office salary expense

$ 165,000

Short term investments

$ 65,000

Buildings

$ 750,000

A/Payable

$ 164,000

Notes payable

$ 75,000

Common stock

$ 475,000

Retained earnings

$ 544,000

Accumulated depreciation

$ 125,000

Depreciation expense

$ 102,000

Supplies expense

$ 26,000

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