Question: Use the following data to determine the total dollar amount of assets to be classified as investments. Cash Accounts receivable Inventory Prepaid insurance $163000 34600

Use the following data to determine the total dollar amount of

Use the following data to determine the total dollar amount of assets to be classified as investments. Cash Accounts receivable Inventory Prepaid insurance $163000 34600 270900 Sheridan Company Balance Sheet December 31, 2022 $125600 Accounts payable 124800 Salaries and wages payable 200800 Mortgage payable 95000 Total liabilities 254500 280500 Common stock 278800 Retained earnings 210000 Total stockholders' equity $1570000 Total liabilities and stockholders' equity $468500 Stock Investments Land $362500 Buildings Less: Accumulated depreciation Trademarks $338500 (59700) 739000 $1101500 Total assets $1570000 O $588900 O $0 O $455300 O $254500

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