In 2020, Ames Industries purchased a parcel of land adjacent to its factory; at that time, Ames had no intention of using the property and purchased it to prevent development. In 2023, Ames decided to construct additional office space on the parcel. How is the classification of the parcel on Ames' 2020 balance sheet different than that of 2023? Select answer from the options below In 2020 the parcel was listed under long-term investments, whereas in 2023 it was listed under current assets. In 2020 the parcel was listed under intangible assets, whereas in 2023 it was listed under property, plant, and equipment. In 2020 the parcel was listed under long-term investments, whereas in 2023 it was listed under property, plant, and equipment. In 2020 it was listed under property, plant, and equipment, whereas in 2023 it was listed under long-term investments