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The following information is for Sunny Day Real Estate: Cash Sunny Day Real Estate Balance Sheet December 31, 2018 Accounts Payable 25000 30000 Salaries and
The following information is for Sunny Day Real Estate: Cash Sunny Day Real Estate Balance Sheet December 31, 2018 Accounts Payable 25000 30000 Salaries and Wages Payable 60000 15000 Prepaid Insurance Accounts Receivable 50000 Mortgage Payable 85000 Total Liabilities 160000 Inventory Land Held for Investment 70000 85000 Land 120000 Buildings $ 100000 Common Stock $ 120000 250000 Less Accumulated Retained Earnings 370000 Depreciation [80000 20000) 70000 Trademark Total Liabilities and Stockholders' Equity Total Assets 530000 $ 530000 The total dollar amount of assets to be classied as current assets is $190000 O $ 105000 O $ 175000 O $ 260000
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