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Information for the next 7 questions. Farmer C. Taylor has compiled the following financial information as of December 31, 2013. Please answer the questions below.

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Information for the next 7 questions. Farmer C. Taylor has compiled the following financial information as of December 31, 2013. Please answer the questions below. Accounts receivable... $2,000 Inventory-feeder livestock... Checking account 2,250 Notes payable-machine. & equip. Cash on hand. 5,500 Equipment...... Inventory-supplies. 3,750 Retained earnings. Accounts payable. 15,000 Real estate debt... Income taxes payable. 12,000 Contributed capital. Buildings.. 30,000 Farmland Inventory-crops...... 40,000 Note: There are no checks in transit for the farm business. $52,000 65,000 70,000 133,500 130,000 150,000 300,000 Question 17 (3 points) What is the value of Taylor's total assets? $505,500 $503,500 $503,250 $400,000 $105,500 Question 18 (3 points) What is the value of Taylor's total liabilities? $399,000 $384,000 $222,000 $195,000 $ 27,000 Question 19 (3 points) What is the value of Taylor's total owner's equity? $505,500 $400,000 $283,500 $222,000 $150,000 Question 20 (3 points) What is the value of Taylor's total current liabilities? O $505,500 $222,000 $92,000 $27,000 $15,000 Question 21 (3 points) What is the value of Taylor's total current assets? $205,500 O $175,500 $105,500 $9,750 O $7,500 Question 22 (3 points) What is the value of Taylor's total noncurrent liabilities? $372,000 O $355,500 $222,000 $207,000 O $195,000 Question 23 (3 points) What is the value of Taylor's total noncurrent assets? $505,500 $495,750 $492,500 $452,00 $400,000

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