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Use the following data to determine the total dollar amount of assets to be classified as current assets. Ace Supply Company Balance Sheet December

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Use the following data to determine the total dollar amount of assets to be classified as current assets. Ace Supply Company Balance Sheet December 31, 2025 Cash $129800 Accounts payable $171500 Accounts receivable 23800 Salaries and wages payable 26800 Inventory 210000 Note payable (due 2028) 271600 Short-term investments 88200 Total liabilities 469900 Land (held for future use) 251500 Land 290000 Buildings $340000 Common stock 364500 Less: Accumulated depreciation (56300) 283700 Retained earnings 751400 Franchise 208800 Total stockholders' equity 1115900 Total assets $1585800 Total liabilities and stockholders' equity $1585800 O $551800 O $463600 O $803300 O $339800

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