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The following financial information is from Shovels Construction Company: Buildings $125,000 Common Stock $75,000 Accounts Payable $30,000 Cash $25,000 Interest Payable $5,000 Retained Earnings $80,000

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The following financial information is from Shovels Construction Company: Buildings $125,000 Common Stock $75,000 Accounts Payable $30,000 Cash $25,000 Interest Payable $5,000 Retained Earnings $80,000 Notes Payable (due in 18 months) $50,000 Accounts Receivable $32,000 Supplies $3,000 Sales Tax Payable $7,000 What is the amount of current assets, assuming the accounts above reflect normal activity

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