Entity Z had the following selected accounts on December 31, 2023: Land $ 80,000 Land (held for future use, not used in operations) 20,000 Buildings 120,000 Accounts receivable 75,000 Equipment 45,000 Accumulated Depreciation (on Buildings and Equipment) 37,000

Supplies 1,000

What is the total amount of property, plant, and equipment that will appear on the classified balance sheet?

a. $228,000

b. $208,000

c. $245,000

d. $209,000

Entity Z had the following selected accounts on December 31, 2023: Accounts payable $40,000 Taxes payable 25,000 Notes payable, due 2030 100,000 Common stock 30,000 Retained earnings 96,500 Salaries and wages payable 10,000

Accumulated depreciation 33,000

What is the amount of total current liabilities that will appear on the classified balance sheet?

a. $175,000

b. $334,500

c. $75,000

d. $108,000