At the end of 2018, Crawford Corp. had total assets of $321,800 and total liabilities of $183,400. Included in the assets were property, plant, and equipment, with a cost of $242,000, and accumulated depreciation of $116,000. Also included in the assets were $24,300 of patents, $120,000 of goodwill, and $29,100 of other long-term assets. During 2018, Crawford Corp. earned total revenues of $430,800 and had total expenses of $320,200.

Requirements

1. Show how Crawford Corp. reported long-term assets on its balance sheet on December 31, 2018.

2. What was the book value of property, plant, and equipment on that date?