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18 Question 1 (1 point) Use the following data to determine the total dollar amount of assets to be classified as property, plant, and
18 Question 1 (1 point) Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Edie's Flower Shoppe Balance Sheet December 31, 2022 Cash Accounts receivable Inventory $ 126,000 Accounts payable $165,000 120,000 Salaries and wages payable 30,000 210,000 Mortgage payable 270,000 Prepaid insurance 90,000 Total liabilities 465,000 Stock investments 255,000 Land 285,000 Buildings $339,000 Common stock 360,000 Less: Accumulated Retained earnings 750,000 depreciation Trademarks Total assets (60,000) 279,000 210,000 $1.575.000 Total stockholders' equity 1.110.000 Total liabilities and stockholders' equity $1.575.000 $1,029,000 $774,000 $834,000 $564,000
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