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Electrelane Company showed the following balances at the end of its first year: Cash $ 2,000 Prepaid insurance 3,500 Accounts payable 2,500 Accounts receivable 2.000

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Electrelane Company showed the following balances at the end of its first year: Cash $ 2,000 Prepaid insurance 3,500 Accounts payable 2,500 Accounts receivable 2.000 Notes payable 3,000 Furniture 1,000 Dividends 500 Accrued liabilities 16,000 Expenses 12,500 How much are the companies total current assets ? OA $7,500 OB, $8.500 OG 55.000 OD. $23.500

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