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What amount should be included in the current assets section

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Question - Janson Corporation Co.'s trial balance included the following account balances at December 31, 2021:

Accounts receivable $12,500

Inventory 40,000

Patent 12,200

Investments 31,500

Prepaid insurance 7,000

Notes receivable, due 2024 50,700

Investments consist of treasury bills that were purchased in November, 2021, and mature in January, 2022. Prepaid insurance is for two years. What amount should be included in the current assets section of Janson's December 31, 2021, balance sheet?

a. $56,000.

b. $138,200.

c. $87,500.

d. $91,000.

Reference no: EM132590865

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