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Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Pina Colada Corp Balance Sheet
Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Pina Colada Corp Balance Sheet December 31, 2017 $203000 31000 243000 $477000 Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation Trademarks $190000 Accounts payable 144000 Salaries and wages payable Mortgage payable 160000 89100 Total liabilities 251000 280000 $375600 731000 $1106600 $1583600 $308000 Common stock (55500) 252500 Retained earnings 217000 Total stockholders' equity Total liabilities and stockholders' equity Total assets $1583600 $588000 O $749500 O $532500 O $997500
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