Question: Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Sunland Company Balance Sheet December
Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Sunland Company Balance Sheet December 31, 2022 $208000 27500 234500 $470000 Cash Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land Buildings Less: Accumulated depreciation Goodwill Total assets $186000 Accounts payable 160000 Salaries and wages payable 150000 Mortgage payable 92800 Total liabilities 252000 262000 Common stock 246000 Retained earnings 217000 Total stockholders' equity $1565800 Total liabilities and stockholders' equity $305000 (59000) $361300 734500 $1095800 $1565800 $725000 O $973000 $508000 $567000
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