Sunland Company Balance Sheet December 31, 2017 Cash $200000 Accounts payable $195000 Accounts receivable Salaries and wages payable 155000 32000 Inventory Mortgage payable 160000 241500 Prepaid insurance Stock investments (long-term) 88500 Total liabilities $468500 255000 Land 262000 Buildings $303000 Common stock $364000 Less: Accumulated depreciation (63500) 239500 Retained earnings Total stockholders' equity 738500 Trademarks 211000 $1102500 Total assets Total liabilities and stockholders' equity $1571000 $1571000 $603500 $515000 $443500 $858500 Use the following data to determine the total dollar amount of assets to be classified as current assets. Sunland Company Balance Sheet December 31, 2017 Cash Accounts payable Salaries and wages payable $200000 $195000 Accounts receivable 32000 155000 Inventory 160000 Mortgage payable 241500 Prepaid insurance 88500 Total liabilities $468500 Stock investments (long-term) 255000 Land 262000 Buildings $303000 Common stock $364000 Retained earnings Less: Accumulated depreciation (63500) 239500 738500 Trademarks Total stockholders' equity 211000 $1102500 Total liabilities and stockholders' equity $1571000 Total assets $1571000 $603500 $515000 $443500 Cash $200000 Accounts payable $195000 Accounts receivable 155000 Salaries and wages payable 32000 Inventory 160000 Mortgage payable 241500 Prepaid insurance 88500 Total liabilities $468500 Stock investments (long-term) 255000 Land 262000 Buildings $303000 Common stock $364000 Less: Accumulated depreciation (63500) 239500 Retained earnings 738500 Trademarks 211000 Total stockholders' equity $1102500 Total assets Total liabilities and stockholders' equity $1571000 $1571000 $603500 $515000 $443500 $858500