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Flounder Auto Supplies Balance Sheet December 31, 2021 Cash $39000 Accounts Payable Prepaid Insurance Accounts Receivable Inventory Land Held for Investment 81000 Salaries and Wages

Flounder Auto Supplies Balance Sheet December 31, 2021 Cash $39000 Accounts Payable Prepaid Insurance Accounts Receivable Inventory Land Held for Investment 81000 Salaries and Wages Payable $ 130000 51000 101000 Mortgage Payable 142000 Total Liabilities 149000 330000 178000 Land 252000 Buildings $201000 Common Stock $392000 Less Accumulated Retained Earnings 355000 747000 Depreciation (59000) 142000 Trademark 142000 Total Liabilities and Stockholders Total Assets $1077000 $1077000 Equity The total dollar amount of assets to be classified as investments is O $252000. O $142000 O $178000 O 50

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