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The balance sheet shows the following accounts and amounts: Inventory, $42,000; Long-term Debt 62,500; Common Stock $30,000; Accounts Payable $22,000; Cash $66,000; Buildings and Equipment $195,000; Short-term Debt $24,000; Accounts Receivable $54,500; Retained Earnings $102,000; Notes Payable (nine month) $27,000; Accumulated Depreciation $90,000. Total current liabilities on the balance sheet are: a. $1,250,000 b. $734,000 c. $1,030,000 d. $810,000.
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