The following balance sheet was prepared by a very inexperienced accountant. Butler Corporation Balance Sheet For Year Ended December 31, 2020 Current Assets: Cash Accounts Payable Supplies Property, Plant, and Equipment: Land Buildings Equipment Patents Inventory $13,200 5,000 2,000 8,000 25,000 12,000 4,000 30,000 Current Liabilities: Accounts Receivable Wages Payable 7,000 12,000 Accumulated Depreciation - Equipment Accumulated Depreciation - Building Long-Term Liabilities: Current Taxes Payable Bonds Payable (30 year) Notes Payable - Long-term Stockholders' Equity: Retained Earnings $13,000 2,000 (5,000) (10,000) 000 4,200 18,000 15,000 13,000 Investments: Short-term Investments Common Stock What is the book value (i.e. cost less accumulated depreciation) for Property, Plant & Equipment? (You may need to scroll to the right to see the entire balance sheet). O $45,000 2 points Save Answer

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