A corporation has accounts and balances: $ 40,000 20,000 50,000 Accounts payable Accounts receivable Accumulated depreciation Buildings Investments in bonds Land Notes payable Patents 130,000 300,000 50,000 500,000 20,000 Cash 30,000 100,000 690,000 Common stock Prepaid insurance Retained earnings Trademarks 150,000 Equipment Inventory 160,000 200,000 40,000 The land is used as a parking lot. The bonds are expected to be held long-term. What are its (i) current assets and (ii) property, plant & equipment? o (i) $420,000 and (ii) $790,000 O () $380,000 and (ii) $740,000 O None of these O (1) $400,000 and (ii) $760,000 O () $440,000 and (ii) $840,000