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The accounts and balances shown below were taken from Unique Low Company's trial balance on December 31, 2021: Wages payable P150,000; Cash P250,000; Inventories P50,000;

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The accounts and balances shown below were taken from Unique Low Company's trial balance on December 31, 2021: Wages payable P150,000; Cash P250,000; Inventories P50,000; Accumulated Depreciation-PPE P100,000; Property, Plant & Equipment P500,000; Land held for future business site P900,000; Deferred income P10,000; Accounts Receivable P15,000; Owner's capital P1,455,000 how much should be reported in Unique Low Company's December 31, 2021 balance sheet as noncurrent assets? P1,600,000 OP1.500,000 P1,400,000 P1,300,000

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