Question: Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Cash Accounts receivable Inventory Prepaid

Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation (61500) Goodwill Total assets O $998500 O $740500 O $542500 O $604000 $304000 Pina Colada Corp. Balance Sheet December 31, 2025 $186000 152000 165000 86600 258000 300000 242500 222000 $1612100 Accounts payable Salaries and wages payable Mortgage payable Total liabilities Common stock $210000 28500 249500 488000 378100 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $1612100 746000 1124100

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