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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
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 Blossom Company Balance Sheet December 31, 2022 $185000 Accounts payable 144000 Salaries and wages payable 152000 Mortgage payable 89600 Total liabilities 258000 260000 $303000 Common stock (57500) 245500 Retained earnings $210000 30000 247000 $487000 $322100 727000 Goodwill 202000 $1049100 Total assets Total stockholders' equity Total liabilities and stockholders' equity $1536100 $1536100 $418600 $570600 O $828600 O $481000
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