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Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Cash Accounts receivable Inventory Prepaid

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Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation Trademarks Swifty Corporation Balance Sheet December 31, 2017 $198000 Accounts payable $206000 151000 Salaries and wages payable 27000 155000 Mortgage payable 231500 92600 Total liabilities $464500 252000 284000 $316000 Common stock $414600 (58000) 258000 Retained earnings 726500 215000 Total stockholders' equity $1141100 Total liabilities and $1605600 $1605600 stockholders' equity Total assets $542000 $600000 $1007000 $757000

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