Question: Use the following data to determine the total dollar amount of assets to be classified as investments. Cash $197000 Accounts receivable 155000 Inventory 153000 Prepaid

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

Cash

$197000

Accounts receivable

155000

Inventory

153000

Prepaid insurance

93500

Stock investments

259000

Land

278000

Buildings

$311000

Less: Accumulated depreciation

(63000)

248000

Trademarks

223000

Total assets

$1606500

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