Desert Company reported the following account balances at the end of the 1st quarter:

Prepaid Rent (this year) $4,000

Patents $28,000

PPE (net)* $400,000

Cash $31,000

Trading Securities $12,000

Unearned Revenue $23,000

Retained Earnings $550,000

Accounts Receivable (net) $62,000

Notes Payable $84,000

*PPE (net) includes the assets of a discontinued operation held for sale valued at $100,000.

What would Desert report for Noncurrent Assets on its quarterly balance sheet?

Incorrect Question 1 0/1 pts Desert Company reported the following account balances at the end of the 1st quarter: Prepaid Rent (this year) $4,000 Patents $28,000 PPE (net)* $400,000 Cash $31,000 Trading Securities $12,000 Unearned Revenue $23,000 Retained Earnings $550,000 Accounts Receivable (net) $62,000 Notes Payable $84,000 *PPE (net) includes the assets of a discontinued operation held for sale valued at $100,000. What would Desert report for Noncurrent Assets on its quarterly balance sheet? $328,000 $878,000 $428,000 $490,000