Use the following data to determine the total dollar amount of assets to be classified as long-term investments. Ace Supply Company Balance Sheet Cash Accounts receivable Inventory Short-term investments Land (held for future use) Land Buildings Less: Accumulated depreciation (60,000) Franchise Total assets O $255,000 O $0 O $465,000 $339,000 $585,000 $ 126,000 120,000 210,000 90,000 255,000 285,000 210,000 $1,575,000 December 31, 2025 Accounts payable Salaries and wages payable Note payable (due 2028) Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 279,000 $ 165,000 30,000 270,000 465,000 360,000 750,000 1,110,000 $1,575,000

Use the following data to determine the total dollar amount of assets to be classified as long-term investments. Ace Supply Company Balance Sheet December 31, 2025 $255,000 50 $465,000 $585,000