The following information is for Skysong Auto Supplies: SkysongReal EstateBalance SheetDecember 31, 2020 Cash $ 40000 Accounts Payable $ 128000 Prepaid Insurance 79000 Salaries and Wages Payable 45000 Accounts Receivable 98000 Mortgage Payable 155000 Inventory 143000 Total Liabilities 328000 Land Held for Investment 178000 Land 246000 Buildings $200000 Less Accumulated Depreciation Owner's Capital 739000 (55000) 145000 Trademark 138000 Total Liabilities and Owner’s Equity Total Assets $1067000 $1067000 The total dollar amount of assets to be classified as current assets is $205000. $360000. $538000. $133000.

The following information is for Skysong Auto Supplies: SkysongReal Estate Balance Sheet December 31, 2020 Cash $ 40000 Accounts Payable $ 128000 Prepaid Insurance 79000 Salaries and Wages Payable...

The following information is for Skysong Auto Supplies:

SkysongReal Estate Balance Sheet December 31, 2020
Cash		$ 40000	Accounts Payable		$ 128000
Prepaid Insurance		79000	Salaries and Wages Payable		45000
Accounts Receivable		98000	Mortgage Payable		155000
Inventory		143000	Total Liabilities		328000
Land Held for Investment		178000
Land		246000
Buildings	$200000
Less Accumulated Depreciation			Owner's Capital		739000
(55000)	145000
Trademark		138000	Total Liabilities and Owner’s Equity
Total Assets		$1067000		$1067000

The total dollar amount of assets to be classified as current assets is

$205000.

$360000.

$538000.

$133000.

Jun 03, 2022