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Use the following data to determine the total dollar amount of assets to be classified as current assets. Kingbird, Inc. 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. Kingbird, Inc. Balance Sheet December 31, 2022 $200000 Accounts payable 141000 Salaries and wages payable 164000 Mortgage payable 88800 Total liabilities 269000 296000 $316000 Common stock $207000 29000 244500 Cash Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land Buildings Less: Accumulated depreciation $480500 $408300 (56500) 259500 731500 Goodwill 202000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $1139800 Total assets $1620300 $1620300 O $505000 O $593800 O $862800 O $429800

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