Q5 The following accounts were taken from Happy Company's balance sheets for 2026: January 1 December 31 Cash $20,000 $17,000 Land $57,000 ? Notes payable $36,000 $48,000 Retained earnings $33,000 $51,000 Supplies $11,000 $19,000 Accounts payable $42,000 $23,000 Equipment $28,000 $36,000 Patent $18,000 ? Accounts receivable $56,000 $43,000 Common stock $83,000 $97,000 Mortgage payable $77,000 $81,000 Copyright $32,000 $32,000 Inventory $49,000 $65,000 Happy Company's income statement for 2026 appears below: Sales revenue ................ $236,000 Cost of goods sold ........... ? Salaries expense ............. $ 58,000 Rent expense ................. $ 33,000 Income tax expense ........... $ 21,000 Net income ................... ? The following additional information is available: 1. Dividends declared by Happy Company during 2026 were equal to 28% of the net income for 2026. 2. Total intangible assets at December 31, 2026 were equal to $81,000. Calculate the amount of total current assets reported in Happy Company's December 31, 2026 balance sheet.