Which of the following financial statements is divided into major categories of operating, investing, and financing activities? The income statement. The balance sheet. The retained earnings statement. The statement of cash flows. Use the following data to determine the total dollar amount of assets to be classified as current assets. Koonce Office Supplies Balance Sheet December 31, 2022 Cash $ 195,000 Accounts payable $ 210,000 Accounts receivable 150,000 Salaries and wages payable 30,000 Inventory 165,000 Mortgage payable 240.000 Prepaid insurance 90,000 Total liabilities 480,000 Stock investments 255,000 Land 270,000 Buildings $315,000 Common stock 360,000 Less: Accumulated Retained earings 750.000 depreciation (60.000) 255,000 Total stodsholders' equity 1.110.000 Trademarks 210,000 Total liabilities and Total assets S1.590.000 stockholders' equity S1.590.000 $855,000 $600,000 $510,000 $435.000 The two fundamental qualities of useful information are relevance and faithful representation. verifiability and timeliness. comparability and flexibility. understandability and consistency