Constable Co.reported the following information at December 31,Year 1: $\begin{array}{lr}
\text { Accounts Payable } & \$, 750 \
\text { Accounts Receivable } & 14,025 \
\text { Cash } & 35,235 \
\text { Common Stock } & 135,000 \
\text { Equipment } & 74,250 \
\text { Inventory } & 46,800 \
\text { Notes Payable due December 31, Year 3 } & 3,750 \
\text { Retained Earnings, December 31, Year 1 } & 21,135 \
\text { Wages Payable } & 3,675
\end{array}$ What is the amount of current liabilities on the classified balance sheet?
A)$14,175
B)$10,425
C)$170,310
D)$6,750

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The Answer of Constable Co.reported the following information at December 31,Year 1: $\begin{array}{lr}
\text { Accounts Payable } & \$, 750 \
\text { Accounts Receivable } & 14,025 \
\text { Cash } & 35,235 \
\text { Common Stock } & 135,000 \
\text { Equipment } & 74,250 \
\text { Inventory } & 46,800 \
\text { Notes Payable due December 31, Year 3 } & 3,750 \
\text { Retained Earnings, December 31, Year 1 } & 21,135 \
\text { Wages Payable } & 3,675
\end{array}$ What is the amount of current liabilities on the classified balance sheet?
A)$14,175
B)$10,425
C)$170,310
D)$6,750

Constable Co What Is the Amount of Current Liabilities on the Classified