The account balances shown below were gathered from Plum Company's trial balance on
December 31, 2019. All adjusting entries have ben made.
Wages payable												$ 250,000
Cash												200,000
Mortgage payable												1,500,000
Dividends payable												150,000
Prepaid rent												100,000
Inventory												800,000
Sinking fund												500,000
Short-term investments												300,000
Stock investment in subsidiary												2,000,000
Taxes payable												220,000
Accounts payable												240,000
Accounts receivable												350,000
Required:
Compute the amount that should be reported as current assets on Plum Company's
statement of financial position.