Transcribed image text: Webb Corporation's trial balance for July 31, the end of its fiscal year, included the following accounts: Accounts Receivable $32,000 Inventories 47,000 Franchise 39,000 Investments 47,000 Prepaid Insurance 5000 Note Receivable 96,000 Cash in Bank 11000 The investment account consists of marketable securities of which management plans to sell half of by December 31. Prepaid insurance is a two-year policy that was purchased on July 31. The note receivable is an installment note that will be paid in three equal installments on December 31 of each year. The amount that should be classified as current assets in the July 31 balance sheet is: (When writing your answer do not use commas or sign of the dollar. For example, if your answer is $1,500, write it as 1500 Solvency is a measure of a firm's ability to pay its obligations as they mature. Select one: O a. FALSE O b. TRUE