USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (6) QUESTIONS: The following is a December 31, 2016, post-closing trial balance for Excell Company:

Account Title	Debits	Credits
Cash	$ 83,000
Accounts Receivable (net of Allowance)	$280,000
Prepaid Expenses	$ 32,000
Investments	$ 65,000
Land	$175,000
Buildings (net)	$160,000
Equipment (net)	$145,000
Accounts payable		$ 73,000
Accrued expenses payable		$ 45,000
Unearned Revenue		$150,000
Notes payable		$300,000
Common Stock		$200,000
Retained Earnings		$172,000
TOTALS	$940,000	$940,000

Additional Information: 1. The cash account includes $22,000 set aside in a legally restricted fund to pay bonds payable that mature in 2024, a $15,000 cash surrender value of a life insurance policy on the company's CEO, and $2,000 in petty cash. 2. The accounts receivable balance consists of the following: a. Amounts owed by customers with debit balances $ 227,600 b. Customer accounts with credit balances 10,500 c. Allowance for uncollectible accounts - trade customers (9,400) d. Non-trade note receivable due in three equal payments on June 25 over the next 3 years 64,500 e. Interest receivable on note due in nine months 7,800 Total $ 280,000

3. The prepaid expenses includes $18,000 that will be consumed during 2017 and $14,000 that will be consumed during 2018.

4. The investments account is classified as Available for Sale Securities and includes an investment of $25,000 in bonds that mature July 1, 2017. Of the remaining investments balance, management intends to hold for at least the next three years. All investments in the portfolio have already been marked-to-market and are reported at Fair Value.

5. The land account includes land which cost $75,000 that the company purchased for speculative purposes and is currently held for sale. The remaining $100,000 is the cost of land on which the company's office building resides. The equipment account includes idle machinery with a book value of $45,000. 6. The unearned revenue represents customer prepayments for magazine subscriptions. Subscriptions are for five years and will be earned evenly over each of the years beginning January 1, 2017. 7. The notes payable account consists of the following: a. a $50,000 note due in six months. b. a $100,000 bond due in eight years. c. a $150,000 note due in six annual installments of $25,000 each, with the next installment due Nov. 1, 2017. *Interest on all notes has been properly accrued and is included in accrued expenses. Required: After all corrections have been made, determine the correct amount of Current Assets: