Compute the Dollar Amount of Current Assets Based on the Following

Essay

Compute the dollar amount of current assets based on the following account balances. $$\begin{array} { l r } \text { Accounts Receivable } & \$ 22,000 \\\text { Accumulated Depreciation-Equipment } & 27,000 \\\text { Cash } & 8,400 \\\text { Equipment } & 93,000 \\\text { Prepaid Rent } & 7,000 \\\text { Short-term Investments } & 15,000\end{array}$$