The following information is for Sunny Day Real Estate: Sunny Day Real Estate Balance Sheet December 31, 2015

Cash $ 25,000 Accounts Payable $ 60,000 Prepaid Insurance 30,000 Salaries and Wages Payable 15,000 Accounts Receivable 50,000 Mortgage Payable 85,000 Inventory 70,000 Total Liabilities 160,000 Land Held for Investment 85,000 Land 120,000 Buildings $100,000 Common Stock $120,000 Less Accumulated Retained Earnings 250,000 370,000 Depreciation (20,000) 80,000 Trademark 70,000 Total Liabilities and Total Assets $530,000 Stockholders Equity $530,000

The total dollar amount of assets to be classified as property, plant, and equipment is a. $200,000. b. $220,000. c. $285,000. d. $305,000.