Question: Use the following data to determine the total dollar amount of assets to be classified as investments. Windsor, Inc. Balance Sheet December 31, 2017 Cash

Use the following data to determine the total dollar amount of assets to be classified as investments.

Windsor, Inc.
Balance Sheet
December 31, 2017
Cash $126600 Accounts payable $164000
Accounts receivable 121200 Salaries and wages payable 25900
Inventory 201000 Mortgage payable 270600
Prepaid insurance 88300 Total liabilities $460500
Stock Investments (long-term) 251500
Land 289500
Buildings $337000 Common stock $361500
Less: Accumulated depreciation (62300) 274700 Retained earnings 732800
Trademarks 202000 Total stockholders' equity $1094300
Total assets $1554800 Total liabilities and stockholders' equity $1554800

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