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Z Company has the following information Accounts payable $90,000 Accounts receivable 120,000 Accumulated Depreciation-Buildings 400,000 Buildings 1,800,000 Cash 50,000 Common Stock 700,000 Copyright 170,000 Inventory

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Z Company has the following information Accounts payable $90,000 Accounts receivable 120,000 Accumulated Depreciation-Buildings 400,000 Buildings 1,800,000 Cash 50,000 Common Stock 700,000 Copyright 170,000 Inventory 180,000 Investments in Stocks & Bonds (Will hold 5 years) 200,000 Investments in Stocks & Bonds (Will hold 5 40,000 months) Land 220,000 400,000 Mortgage Payable (30 year) Notes payable (Due 7/1/2020) Notes payable (Due 7/1/2018) 250,000 80,000 Prepaid insurance 10,000 Retained Earnings 770,000 Salaries payable 100,000 Based on the above data, what is the amount of current liabilities on Z Company's 12/31/2017 classified balance sheet? Based on the above data, what is the amount of current liabilities on Z Company's 12/31/2017 classified balance sheet? $650,000 O $270,000 O $670,000 O $520,000

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