Question: Use the following data to determine the total dollar amount of assets to be classified as property, plant, and Ace Supply Company Balance Sheet

Use the following data to determine the total dollar amount of assets to be classified as property, plant, and Ace Supply Company Balance Sheet

Use the following data to determine the total dollar amount of assets to be classified as property, plant, and Ace Supply Company Balance Sheet December 31, 2025 Cash Accounts receivable Inventory $126800 Accounts payable $159000 123100 Salaries and wages payable 31500 208800 Note payable (due 2028) 274100 Short-term investments 92200 Total liabilities 464600 Land (held for future use) 254500 Land 287000 Buildings $335500 Common stock 357500 Less: Accumulated depreciation (64400) 271100 Retained earnings 752300

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