The following information is provided for GAAP Year, Inc., a company that markets downloadable cellphone apps to backpacking accountants:

	Accounts payable	$	15,000
	Buildings		80,000
	Cash		10,500
	Accounts receivable		9,500
	Salaries payable		4,500
	Retained earnings		47,500
	Supplies		40,000
	Notes payable (due in 18 months)		35,000
	Interest payable		3,000
	Common stock		35,000

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

(a) $20,000;

(b) $60,000;

(c) $140,000;

(d) $175,000; or

(e) $19,500.