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The following financial information is from Shovels Construction Company. Accounts payable $14,500 Buildings 85,000 Cash 11,600 Accounts receivable 10,000 Sales tax payable 2,900 Retained earnings

The following financial information is from Shovels Construction Company.

Accounts payable $14,500
Buildings 85,000
Cash 11,600
Accounts receivable 10,000
Sales tax payable 2,900
Retained earnings 46,400
Supplies 41,800
Notes payable (due in 18 months) 26,000
Interest payable 1,000
Common stock 57,600

What is the amount of current assets, assuming the accounts above reflect normal activity?

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