Question: Use the following data to determine the total dollar amount of assets to be classified as investments. Blue Spruce Corp. Balance Sheet December 31, 2017

Use the following data to determine the total dollar amount of assets to be classified as investments. Blue Spruce Corp. Balance Sheet December 31, 2017 Cash $69500 Accounts payable $ 135500 Accounts receivable 104500 Salaries and wages payable 19500 Inventory 104500 Mortgage payable 158000 Prepaid insurance 80500 Total liabilities $ 313000 Stock Investments 186000 Land 197500 Buildings $ 214000 Common stock $ 241500 Less: Accumulated 153500 Retained earnings 490500 Stock Investments 186000 Land 197500 Buildings $ 214000 Common stock $ 241500 Less: Accumulated depreciation 60500) 153500 Retained earnings 490500 Trademarks 114500 Total stockholders' equity $ 732000 Total assets $ 1045000 Total liabilities and stockholders equity $ 1045000 O $0 $ 290500 O $ 325000 $ 186000
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