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Use the following data to determine the total dollar amount of assets to be classified as current assets. Swifty Corporation Balance Sheet December 31, 2017

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Use the following data to determine the total dollar amount of assets to be classified as current assets. Swifty Corporation Balance Sheet December 31, 2017 $130000 Cash $151000 Accounts receivable 123900 27800 Accounts payable Salaries and wages payable Mortgage payable Total liabilities 270400 $449200 208300 94400 255000 283500 Inventory Prepaid insurance Stock Investments Land Buildings Less: Accumulated depreciation Trademarks $335500 $360000 (56100) 279400 779600 214300 Common stock Retained earnings Total stockholders equity Total liabilities and stockholders equity $1139600 Total assets $1588800 $1588800 O $1025900 $811600 O $556600 $348300

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