Question: Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Tamarisk, Inc. Balance Sheet December

Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment.

Tamarisk, Inc.
Balance Sheet
December 31, 2022

Cash

 $128700

Accounts payable

 $174500

Accounts receivable

 124900

Salaries and wages payable

 32800

Inventory

 207300

Note payable (due 2025)

 272000

Short-term investments

 89000

Total liabilities

 $479300

Land (held for future use)

 257500

Land

 281500

Buildings

 $337000

Common stock

 $363000

Less: Accumulated depreciation

 (63200) 273800

Retained earnings

 727100

Franchise

 206700

Total stockholders' equity

 $1090100

Total assets

 $1569400

Total liabilities and stockholders' equity

 $1569400

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