Question: Use the following data to determine the total dollar amount of assets to be classified as investments. Concord Corporation Balance Sheet December 31, 2022 Cash

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

Concord Corporation Balance Sheet December 31, 2022

Cash

 $189000

Accounts payable

 $199000

Accounts receivable

 152000

Salaries and wages payable

 29000

Inventory

 161000

Mortgage payable

 244500

Prepaid insurance

 88700

Total liabilities

 $472500

Stock investments

 273000

Land

 296000

Buildings

 $308000

Common stock

 $404700

Less: Accumulated depreciation

 (59000) 249000

Retained earnings

 731500

Trademarks

 200000

Total stockholders' equity

 $1136200

Total assets

 $1608700

Total liabilities and stockholders' equity

 $1608700

$0

$472000

$273000

$569000

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