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Use the following data to determine the total dollar amount of assets to be classified as current assets. Sunland Company 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. Sunland Company Balance Sheet December 31, 2022 Cash $128400 Accounts payable $175000 Salaries and wages Accounts receivable 123200 29600 payable Inventory 201800 Note payable (due 2025) 269000 Short-term investments 95000 Total liabilities $473600 Land (held for future 254000 use) Land 289000 Buildings $336000 Common stock $356500 Less: Accumulated depreciation (61200) 274800 Retained earnings 750100 Total stockholders' Franchise 214000 $1106600 equity Total liabilities and Total assets $1580200 stockholders $1580200 equity

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