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use the following Data to determine the total dollar amont of assets to be classified as current assets. Sheffield Corp. Balance Sheet December 31, 2022

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use the following Data to determine the total dollar amont of assets to be classified as current assets.
Sheffield Corp. Balance Sheet December 31, 2022 Cash $191000 Accounts payable $203000 Accounts receivable 141000 Salaries and wages payable 32000 Inventory 158000 Mortgage payable 226500 Prepaid insurance 92300 Total liabilities $461500 Stock investments 269000 Land 288000 Buildings $321000 Common stock $409800 Less: Accumulated depreciation (62000) 259000 Retained earnings 745000 Goodwill 218000 Total stockholders' equity $1154800 Total liabilities and Total assets $1616300 $1616300 stockholders' equity $490000 $424300 $851300 $582300 lo 8 7 6 8 9 A T Y U o P F H - J K L V B N M

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