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The following is selected financial information for Wright Company: Cash $ 40,000 Prepaid insurance 15,000 Retained earnings 125,000 Inventory 75,000 Unearned revenue 20,000 Salary expense

The following is selected financial information for Wright Company:

Cash $ 40,000
Prepaid insurance 15,000
Retained earnings 125,000
Inventory 75,000
Unearned revenue 20,000
Salary expense 75,000
Depreciation expense 25,000
Property, plant, and equipment 450,000
Accumulated depreciation 90,000
Accounts payable 100,000
Long-term notes payable (due in 5 years) 275,000
Sales revenue 418,000
Salaries payable 5,000
Common stock 50,000
Accounts receivable 85,000
Cost of goods sold 220,000

What is the amount of Wright Company's total current assets?

a. $140,000

b. $215,000

c. $200,000

d. $575,000

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