Use the data from the financial statements of a company shown here (or in excel) to answer the question below (bottom of last financial statement).

To get the data below and answer the questions, you can do one of the following approaches:

1. Use the screen image shown

2. Position cursor any place in the image, double click and select all; copy and paste into an excel file

3. Click here for a formatted excel version (need to update numbers to the ones presented here)

Income Statement year ending 2020
Sales Revenues	$140,000
Cost of goods sold	39,000
Fixed costs	16,000
Selling, general, and administrative expenses	25,000
Depreciation	5,000
EBIT
Interest expense	2,000
Taxable Income
Taxes
Net Income
*** Tax rate	40%
Dividens paid	$1000
Partial Balance Sheet 12/31/2019
ASSETS		LIABILITIES
Current Assets		Current Liabilities
Cash	$4,000	Notes payable	$2,000
Accounts receivable	5,000	Accounts payable	9,000
Inventories	8,000	Total current liabilities
Total current assets		Long-term debt	17,000
		Total Liabilities
Gross Fixed assets	73,000	OWNERS EQUITY
Accumulated depreciation	12,000	Retained earnings (1)
Net Fixed assets		Common stock
Intangible assets	0	Total owner's equity
TOTAL ASSETS		TOTAL LIABILITIES & OWNERS EQUITY
(1) These are cumulative retained earnings but textbook simply calls it retained earnings
Partial Balance Sheet 12/31/2020
ASSETS		LIABILITIES
Current Assets		Current Liabilities
Cash	$4,000	Notes payable	$6,000
Accounts receivable	6,000	Accounts payable	4,000
Inventories	4,000	Total current liabilities
Total current assets		Long-term debt	11,000
Gross Fixed assets	82,000	Total liabilities
Accumulated depreciation		OWNERS EQUITY
Net Fixed Assets		Retained earnings
Intangible assets	0	Common stock
Total long-term assets		Total owner's equity
TOTAL ASSETS		TOTAL LIABILITIES & OWNERS EQUITY

When answering the questions (filling in the blanks), DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign and place it in front of first digit of your answer when your answer is a negative number. Round to the nearest dollar.

Current Assets as of 12/31/2019 is _____________