The following selected account balances appear on the December 31, 2010 balance sheet of Chen Co.

Land (location of the corporation's office building)	$150,000
Land (held for future use)	225,000
Corporate Office Building	900,000
Inventory	300,000
Equipment	675,000
Office Furniture	150,000
Accumulated Depreciation	450,000

What is the total amount of property, plant, and equipment that will be reported on the balance sheet?

$1,425,000

$1,950,000

$1,650,000

$2,400,000