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Use the following data to determine the total dollar amount of assets to be classified as current assets. Pina Colada 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. Pina Colada Corp. Balance Sheet December 31, 2022 Cash and cash equivalents $74000 Accounts payable $137500 Accounts receivable 86000 Salaries and wages payable 17200 Inventory 138500 Bonds payable 157500 $312200 Prepaid insurance 75000 Total liabilities Stock investments 194000 Land 196000 Buildings $207000 Common stock $235300 Less: Accumulated depreciation (67000) 140000 Retained earnings 482000 Trademarks 126000 $717300 Total stockholders' equity Total liabilities and stockholders' equity Total assets $1029500 $1029500 O $567500 O $312200 O $373500 O $235000

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