The balances of select accounts of Sandra Company as of December 31, 2018, are given below:
Debit Credit
Building $140,000 Cash 9,000 Office Supplies 1,200 Furniture 6,000 Prepaid Insurance 550 Accumulated Depreciation-Furniture $4,000
Land 31,000 Accumulated Depreciation-Building 4,000
Accounts Receivable 2,200 The insurance has been prepaid until June 30, 2019.
Determine the amount of total current assets reported on the balance sheet at December 31, 2018.
a. $17,200
b. $10,200
c. $12,950
d. $10,750