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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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