A company has the following information for the December 31, 2022 financial statements: The company accounts report $400,000 for land. This amount includes $150,000 for land the company purchased and has not yet developed. Plans are to construct a new building there in the future. The company also has $500,000 in a cash savings account restricted to use for the future building construction. The company has a patent valued at $5,000. The company has equipment that cost a total of $300,000. Total accumulated depreciation is $60,000. These balances include a machine the company no longer uses but has no plans to sell (book value: $5,000) and a fully-depreciated machine the company still uses in operations (book value: $3,000). What amount should the company report as the total property, plant, and equipment line item on the December 31, 2022 classified balance sheet? Write your final answer here: