On a balance sheet

for auto supply use the following data to determine the total dollar amount of assets to be classified as current assets

Cash..... 60,000 accounts payable.......55,000

Prepaid Insurance 40,000 salaries payable....... 10,000

Accounts receivable 50,000 mortgage payable......90,000

Total Liabilities..................165,000

Inventory 70,000

Land held for investment 60,000

Land 95,000

Buildings 100,000 Common stock 120,000

Less Accum. less depreciation 30,000 70,000 Retained Earnings 250,000

Trademark 70,000

Total Assets 535,000 Total stockholder equity 370,000

Total liabilities and

Stockholders equity 535,000