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X Company had the following selected accounts on December 31, 2020: Account receivable Allowance for doubtful $315,000 26,000 764,000 Cash Cash surrender value of
X Company had the following selected accounts on December 31, 2020: Account receivable Allowance for doubtful $315,000 26,000 764,000 Cash Cash surrender value of life insurance Equipment no longer in use and held for sale 17000 Interest receivable 21,000 Prepid Rent (18 months) 54,000 Prepaid Ince 150,000 Supplies 87,000 In addition to the selected accounts listed above, X company owns Marketable Securities that were originally purchased at a cost of $20,000 and they were traded at a fair value of $26,000 on December 31, 2020. In addition, Inventory, which had a cost of $321,000, could be purchased at $318,000 from the market as of December 31, 2020. X company reported a total of $--- of current assets on December 31, ----- 2020* $1,674,400 $1,745,400 $1,691,400 III
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