Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment Cash $168000 Pharoah Company Balance Sheet December 31, 2022 $128600 Accounts payable Salaries and wages 120300 payable 213500 Note payable (due 2025) 92500 Total liabilities Accounts receivable 26200 271700 $465900 253000 Inventory Short-term investments Land (held for future use) Land Buildings Less: Accumulated depreciation 285000 $337500 Common stock $356000 (60900) 276600 762100 Franchise 214500 $1118100 Retained earnings Total stockholders' equity Total liabilities and stockholders equity Total assets $1584000 $1584000 $775100 $833300 $561600 $1026600