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The following is a partial listing of accounts for Tareq Company for the year ended December 31, 2016. f Cash & cash equivalents 7,585 Inventory
The following is a partial listing of accounts for Tareq Company for the year ended December 31, 2016. f Cash & cash equivalents 7,585 Inventory 21,100 Current portion of long-term debt 1,257 Accumulated depreciation 9,980 Cost of goods sold 82,471 Long-term investment 3,559 Dividends payable 421 Income tax payable 8,356 Accounts receivable 25,132 Equipment 41,905 Allowance for doubtful accounts 915 Long-term debt 15,258 Sales revenue 127,260 Rent income 2,468 Treasury stock 251 Notes payable (short-term) 6,156 2,199 Income tax expense 2,461 Prepaid expenses Deferred taxes (long-term liabi.) 8,506 Common stock 3,895 Retained earnings 18,951 Additional paid in capital 9,614 Accounts payable 18,600 Required: Total current assets at December 31, 2016, is
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