Use the following data to determine the total dollar amount of assets to be classified as current assets. Cash and cash equivalents $137500 Kingbird, Inc. Balance Sheet December 31, 2022 $68500 Accounts payable Salaries and wages payable 145000 Bonds payable 90000 Total liabilities Accounts receivable 96000 17300 Inventory 158000 Prepaid insurance $312800 Stock investments 197500 Land 195000 Buildings $210500 Common stock $235700 Less: Accumulated depreciation (58500) 152000 Retained earnings 520000 Trademarks 124500 $755700 Total stockholders' equity Total liabilities and stockholders' equity Total assets $1068500 $1068500 $254500 O $312800 O $399500 $597000