Given the following account information for XYZ Corporation, calculate the $ value for total current assets.
Merchandise Inventory
$ 250,000
Cost of goods sold
$ 1,523,000
Insurance expense
$ 100,000
Land
Bond financing
$ 400,000
Advertising expense
$ 145,000
Sales
$ 2,486,000
Taxes payable
$ 26,000
Equipment
$ 445,000
Cash
$ 79,000
A/Receivable
$ 120,000
Sales Salary expense
$ 240,000
Office salary expense
$ 165,000
Short term investments
$ 65,000
Buildings
$ 750,000
A/Payable
$ 164,000
Notes payable
$ 75,000
Common stock
$ 475,000
Retained earnings
$ 544,000
Accumulated depreciation
$ 125,000
Depreciation expense
$ 102,000
Supplies expense
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