Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment The land listed in the balance sheet is used in the operations of the company. Cash $203000 Pharoah Company Balance Sheet December 31, 2022 $200000 Accounts payable 152000 Salaries and wages payable 165000 Mortgage payable 88600 Total liabilities 260000 Accounts receivable 28500 245500 $477000 Inventory Prepaid insurance Stock investments (long-term) Land Buildings Less: Accumulated depreciation 299000 $316000 Common stock $407100 (60500) 255500 Retained earnings 740000 Goodwill 204000 $1147100 Total stockholders equity Total liabilities and stockholders equity $1624100 Total assets $1624100 $758500 $1019500 $554500 $615000 Attempts: 0 of 1 used Submit Answer Save for Later