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Compute the current assets total

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Question - Red Velvet's trial balance reflected the following account balances at December 31, 20x1:

Accounts receivable (net) 24,000

Trading securities 6,000

Accumulated depreciation on equipment and furniture 15,000

Cash 16,000

Inventory 30,000

Equipment 25,000

Patent 4,000

Prepaid expenses 2,000

Land held for future business site 18,000

Required - In Red Velvet's December 31, 20x1 balance sheet, compute the current assets total?

a. 95,000.

b. 87,000.

c. 82,000.

d. 78,000.

Reference no: EM132639288

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