The accounts and balances shown below were gathered from Pastel Corporation’s trial balance on December 31, 2014. All adjusting entries have been made.
Wages Payable .................... $ 25,600
Cash ............................. 17,700
Mortgage Payable ................. 151,600
Dividents Payable ................ 14,000
Prepaid rent ..................... 13,600
Inventory ........................ 81,800
Sinking Fund Assets .............. 52,400
Short-Term Investments ........... 15,200
Premium on Bonds Payable ......... 4,600
Stock Investment in Subsidiary ... 102,400
Taxes Payable .................... 22,800
Accounts Payable ................. 24,800
Accounts Receivable .............. 36,600
See information for Pastel Corporation above. The amount that should be reported as current liabilities on Pastel Corporation’s balance sheet is
a. $73,200.
b. $87,200.
c. $238,800.
d. $91,800.