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  3. current assets q, long-term assets q, $350,000

Current assets q, Long-term assets q, $350,000 Current liabilities...

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Accounting

Current assets q,
Long-term assets q,
$350,000
Current liabilities q,
800,000
Long-term liabilities q,
240,000
270,000
Additional information:
(a) Cash of $38,000 has been placed in a fund for the retirement of long-term debt.
The cash and long-term debt have been offset and are not reflected in the financial statements.
(b) Long-term assets include $50,000 in treasury stock.
(c) Cash of $14,000 has been set aside to pay taxes due. The cash and taxes
payable have been offset and do not appear in the financial statements.
(d) Advances on salespersons' commissions in the amount of $21,000 have been made. Also, sales commissions payable total $24,000. The net liability of $3,000 is included in Current Liabilities.
After making any necessary changes, what are the totals for Streamer's current assets and current liabilities
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