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Hippo Co. has the following balances: Inventories, $50,000; Land, $100,000; Building, net of depreciation, $500,000; Cash, $50,000; Bank overdraft in a different bank account at

Hippo Co. has the following balances: 

Inventories, $50,000; 

Land, $100,000; 

Building, net of depreciation, $500,000; 

Cash, $50,000; 

Bank overdraft in a different bank account at a different bank, $(20,000); 

Prepaid expenses, $30,000; 

Accounts receivable, net of allowance, $60,000; 

Current maturities of long-term debt; $40,000; 

Long-term debt $260,000; 

Supplies on hand, $10,000. 

What total amount should the company report as current assets?

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