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Question - Janson Corporation Co.'s trial balance included the following account balances at December 31, 2021:
Accounts receivable $13,800
Inventory 41,000
Patent 12,100
Investments 31,500
Prepaid insurance 7,400
Notes receivable, due 2024 50,000
Investments consist of treasury bills that were purchased in November, 2021, and mature in January, 2022. The balance of prepaid insurance represents coverage over the next two years. What amount should be included in the current assets section of Janson's December 31, 2021, balance sheet?
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