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Use the following data to determine the total dollar amount of assets to be classified as current assets. Cash Accounts receivable Inventory Prepaid insurance Stock

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Use the following data to determine the total dollar amount of assets to be classified as current assets. Cash Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land Buildings Less: Accumulated depreciation Splish Brothers Inc. Balance Sheet December 31, 2022 $186000 Accounts payable $210000 152000 Salaries and wages payable 28500 165000 Mortgage payable 249500 86600 Total liabilities $488000 258000 300000 $304000 Common stock $378100 (61500) 242500 Retained earnings 746000 Total stockholders' 222000 $1124100 equity Total liabilities and $1612100 $1612100 stockholders' equity Goodwill Total assets

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