At the end of 2018, Zepher Corp. had total assets of $331,500 and total liabilities of $164,300. Included in the assets were property, plant, and equipment with a cost of $237,600, and accumulated depreciation of $114,800. Also included in the assets were $84,000 of patents; $68,100 of goodwill; and $33,700 of other long-term assets. During 2018, Zepher Corp. earned total revenues of $424,000 and had total expenses of $298,000.

Requirements

1. Show how Zepher Corp. reported long-term assets on its balance sheet on December 31, 2018.

2. What was the book value of property, plant, and equipment on that date?