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The following information is for Bright Eyes Auto Supplies: Bright Eyes Auto Supplies Balance Sheet December 31, 2018 Cash $ 40,000 Accounts Payable $ 130,000

  1. The following information is for Bright Eyes Auto Supplies:

    Bright Eyes Auto Supplies

    Balance Sheet

    December 31, 2018

    Cash $ 40,000 Accounts Payable $ 130,000

    Prepaid Insurance 80,000 Salaries and Wages Payable 50,000

    Accounts Receivable 100,000 Mortgage Payable 150,000

    Inventory 140,000 Total Liabilities 330,000

    Land Held for Investment 180,000

    Land 250,000

    Buildings $200,000 Common Stock $400,000

    Less Accumulated Retained Earnings 340,000 740,000

    Depreciation (60,000) 140,000

    Trademark 140,000 Total Liabilities and

    Total Assets $1,070,000 Stockholders Equity $1,070,000

    The total dollar amount of assets to be classified as investments is

    $250,000.

    $0.

    $180,000.

    $140,000.

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