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Use the following data to determine the total dollar amount of assets to be classified as current assets. Wildhorse Co. Balance Sheet December 31, 2022

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Use the following data to determine the total dollar amount of assets to be classified as current assets. Wildhorse Co. Balance Sheet December 31, 2022 $200000 Accounts payable 155000 Salaries and wages payable 160000 Mortgage payable 88500 Total liabilities 255000 262000 $303000 Common stock (63500) 239500 Retained earnings Cash Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land Buildings Less: Accumulated depreciation $195000 32000 241500 $468500 $364000 738500 Goodwill 211000 $1102500 Total stockholders equity Total liabilities and stockholders' equity Total assets $1571000 $1571000 $443500 O $603500 5515000 $858500

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