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Use the following data to determine the total dollar amount of assets to be dassified as current assets. Cash and cash equivalents $127000 Sheffield Corp.

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Use the following data to determine the total dollar amount of assets to be dassified as current assets. Cash and cash equivalents $127000 Sheffield Corp. Balance Sheet December 31, 2022 $67000 Accounts payable Salaries and wages 104500 payable 139000 Bonds payable 79000 Total liabilities Accounts receivable 12000 Inventory 172500 $311500 Prepaid insurance Stock investments 182500 Land 190500 Buildings $208500 Common stock $253500 Less: Accumulated depreciation (55000) 153500 Retained earnings 478500 Trademarks 127500 $732000 Total stockholders equity Total liabilities and stockholders equity Total assets $1043500 $1043500 $572000 $250500 $311500 $389500

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