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Use the following data to determine the total dollar amount of assets to be classified as current assets. Cheyenne Corp. 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. Cheyenne Corp. Balance Sheet December 31, 2022 Cash $129200 Accounts payable $167500 Salaries and wages Accounts receivable 120000 28300 payable Inventory 212800 Note payable (due 2025) 265500 Short-term investments 92700 Total liabilities $461300 Land (held for future 250500 use) Land 281500 Buildings $336000 Common stock $363500 Less: Accumulated (63300) 272700 Retained earnings 745300 depreciation Total stockholders' Franchise 210700 $1108800 equity Total liabilities and Total assets $1570100 stockholders' $1570100 equity O $341900 O $1015900 O $554700 O $805200

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