The following financial information is from Shovels Construction Company: Accounts Payable $15,000 Buildings $80,000 Cash $10,500 Accounts Receivable $9,500 Sales Tax Payable $4,500 Retained Earnings $48,000 Supplies $4,000 Notes Payable (due in 18 months) $35,000 Interest Payable $3,000 Common Stock $50,000 What is the amount of current assets, assuming the accounts above reflect normal activity

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.