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Classified Balance Sheet Using the information shown below for Thompson Company as of December 31, 2019, answer the question that follows. Prepaid Rent 200

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Classified Balance Sheet Using the information shown below for Thompson Company as of December 31, 2019, answer the question that follows. Prepaid Rent 200 Franchise 3,600 Cash 400 Land 4,000 Investment in Land Held for Marketable Securities 800 5,400 future use Revenues Received in 800 Inventory 6,000 Advance Accounts Receivable 1,600 Notes Payable (in two years) 8,000 Accumulated Depreciation- 2,000 Building 16,000 Building Accounts Payable 3,200 Jane Thompson, Capital 24,000 Required: What is the amount for Total Investments? (Enter your answer as follows: $X,XXX.XX; do not show workings) Answer:

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