Question 18 0.5 pts Based on the following accounts and year-end account balances for a certain corporation, determine the amount of property, plant, and equipment to be reported on its classified balance sheet. Accounts payable $120,000 Inventory Accounts receivable Land 110,000 180,000 100,000 Accumulated depreciation Prepaid insurance 60,000 40,000 Buildings 210,000 Retained earnings 170,000 Cash 130,000 Trademarks 140,000 Common stock 600,000 The land is used as a parking lot. $660,000 O $350,000 O $490,000 $170,000 O $390,000