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Use the following data to determine the total dollar amount of assets to be classified as current assets. Splish Brothers Inc. Balance Sheet December 31,

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Use the following data to determine the total dollar amount of assets to be classified as current assets. Splish Brothers Inc. Balance Sheet December 31, 2017 $197000 Cash $188000 Accounts payable Accounts receivable 151000 Salaries and wages payable 31000 Inventory 233000 171000 Mortgage payable Prepaid insurance Stock investments (long-term) Total liabilities 87000 $461000 264000 Land 261000 Buildings Less: Accumulated depreciation $315000 Common stock $388000 (57000) 258000 Retained earnings 748000 Trademarks Total stockholders' equity 217000 $1136000 Total liabilities and stockholders' equity Total assets $1597000 $1597000 $597000 $861000 $510000 $426000

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