Based on the following information as of December 31: 
Required:
Compute the total amount that will appear for current assets on the December 31 balance sheet.
Definitions:
Resulting Trust
A trust that is implied by law to effectuate the presumed intention of the parties involved, often arising when a property transfer does not fit the characteristics of an express trust.
Settlor's Intent
The purpose or intention expressed by a settlor when creating a trust, directing how the trust assets should be managed and distributed.
Unjust Enrichment
A legal principle where one person benefits at another's expense without legal justification, prompting a remedy to correct the imbalance.
Mortgaged Property
Real estate or property whose ownership is conditional upon the repayment of a loan secured by the property itself.
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