Tatra Software Company

Balance Sheet

December 31, 2021

Cash $ 40,000 Accounts Payable $ 130,000

Accounts Receivable 100,000 Salaries and Wages Payable 50,000

Prepaid Insurance 80,000 Mortgage Payable 150,000

Inventory 140,000 Total Liabilities 330,000

Land Held for Investment 180,000

Land 250,000

Buildings $200,000 Common Stock $400,000

Less Accumulated Retained Earnings 340,000 740,000

Depreciation (60,000) 140,000

Trademark 140,000 Total Liabilities and

Total Assets $1,070,000 Stockholders Equity $1,070,000

The total dollar amount of liabilities to be classified as current liabilities is:

A. $ 0

B. $180,000

C. $280,000

D. $1,070,000