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Balance sheet December 31, 2020 Cash $ 45,000 Accounts Payable $ 140,000 Prepaid Insurance 80,000 Salaries and Wages Payable 60,000 Accounts Receivable 110,000 Mortgage Payable

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Balance sheet December 31, 2020 Cash $ 45,000 Accounts Payable $ 140,000 Prepaid Insurance 80,000 Salaries and Wages Payable 60,000 Accounts Receivable 110,000 Mortgage Payable 150,000 Inventory 140,000 Total Liabilities 350,000 Land Held for Investment 185,000 Land 250,000 Building $200,000 Less Accumulated Owner's Capital 750,000 Depreciation (50,000 150,000 Trademark 140,000 Total Liabilities and Total Assets $1,100,000 Owner's Equity $1,100,000 The total dollar amount of assets to be classified as investments is (LO 4) Seleccione una: a $185.000 The total dollar amount of assets to be classified as investments is (L04) Seleccione una: a. $185,000. b. $0. c. $585,000. d. $725,000. O

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