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The following information is for Sheridan Auto Supplies: Sheridan Auto Suplies Balance Sheet December 31, 2020 Cash $ 39000 Accounts Payable $ 129000 Prepaid Insurance
The following information is for Sheridan Auto Supplies: Sheridan Auto Suplies Balance Sheet December 31, 2020 Cash $ 39000 Accounts Payable $ 129000 Prepaid Insurance 81000 Salaries and Wages Payable 47000 Accounts Receivable 98000 Mortgage Payable 149000 Inventory 138000 Total Liabilities 325000 Land Held for Investment 180000 Land 248000 Buildings $198000 Less Accumulated Depreciation Owner's Capital 732000 (64000) 134000 Trademark 139000 Total Assets Total Liabilities and Owner's Equity $1057000 $1057000 The total dollar amount of assets to be classified as property, plant, and equipment is O $382000. O $446000. $626000. $562000
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