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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 $130000 Accounts payable $173500 Accounts receivable 120600 Salaries and wages payable 32400 Inventory 207900 Note payable (due 2028) 269900 Short-term investments 88300 Total liabilities 475800 Land (held for future use) 259500 Land 288000 Buildings $335500 Common stock 358500 Less: Accumulated depreciation (59300) 276200 Retained earnings 737800 Franchise 201600 Total stockholders' equity 1096300 +3670300

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