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Use the following data to determine the total dollar amount of assets to be classified as current assets. Marigold Corp. 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. Marigold Corp. Balance Sheet December 31, 2017 Cash Accounts receivable $189000 152000 173000 Accounts payable Salaries and wages payable Mortgage payable $207000 28000 242500 $477500 Prepaid insurance 94300 Total liabilities 271000 298000 Land Buildings Less: Accumulated depreciation $316000 (64500)251500 Retained earnings Common stock $412800 744500 Total stockholders' equity$1157300 $1634800 206000 Total assets Total liabilities and stockholders' equity $1634800 $435300 O $514000 $879300 $608300 D

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