Use the following data to calculate the current ratio. Sunland Company Balance Sheet Cash Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land Buildings Less: Accumulated depreciation Trademarks Total assets December 31, 2017 $198000 Accounts payable $199000 153000 Salaries and wages payable 26000 163000 Mortgage payable 227000 88700 Total liabilities $452000 261000 265000 $300000 Common stock $392200 (61000) 239000 Retained earnings 725500 Total stockholders 202000 $1117700 equity Total liabilities and $1569700 $1569700 stockholders' equity