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Use the following data to determine the total dollar amount of assets to be classified as investments. Cash Accounts receivable Inventory Prepaid insurance $163000 34600
Use the following data to determine the total dollar amount of assets to be classified as investments. Cash Accounts receivable Inventory Prepaid insurance $163000 34600 270900 Sheridan Company Balance Sheet December 31, 2022 $125600 Accounts payable 124800 Salaries and wages payable 200800 Mortgage payable 95000 Total liabilities 254500 280500 Common stock 278800 Retained earnings 210000 Total stockholders' equity $1570000 Total liabilities and stockholders' equity $468500 Stock Investments Land $362500 Buildings Less: Accumulated depreciation Trademarks $338500 (59700) 739000 $1101500 Total assets $1570000 O $588900 O $0 O $455300 O $254500
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