Question: Current Attempt in Progress Use the following data to determine the total dollar amount of assets to be classified as investments. Blossom Company Balance Sheet


Current Attempt in Progress Use the following data to determine the total dollar amount of assets to be classified as investments. Blossom Company Balance Sheet December 31, 2022 Cash and cash equivalents $67500 Accounts payable $135500 Accounts receivable 104000 12100 Salaries and wages payable Bonds payable Total liabilities 176500 148500 86500 $324100 185500 Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation 195500 $208500 Common stock $256900 (60000) 148500 Retained earnings 481000 Trademarks 126000 $737900 Total stockholders' equity Total liabilities and stockholders' equity Total assets $1062000 $1062000 Balance Sheet December 31, 2022 Cash and cash equivalents $67500 Accounts payable $135500 Accounts receivable 104000 12100 Salaries and wages payable Bonds payable Total liabilities 176500 $324100 Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation 148500 86500 185500 195500 $208500 Common stock $256900 (60000) 148500 Retained earnings 481000 Trademarks 126000 $737900 Total stockholders' equity Total liabilities and stockholders' equity Total assets $1062000 $1062000 O $334000 O $185500 O $0 O $289500
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