Use the following data to determine the total dollar amount of assets to be classified as investments.

Pretty Pet Supplies

Balance Sheet

December 31, 2022

Cash $ 126,000 Accounts payable $ 165,000

Accounts receivable 120,000 Salaries and wages payable 30,000

Inventory 210,000 Note payable (due 2025) 270,000

Short-term investments 90,000 Total liabilities 465,000

Land (held for future use) 255,000

Land 285,000

Buildings $339,000 Common stock 360,000

Less: Accumulated Retained earnings 750,000

depreciation (60,000) 279,000 Total stockholders equity 1,110,000

Franchise 210,000 Total liabilities and

Total assets $1,575,000 stockholders equity $1,575,000

a. $0

b. $465,000

c. $255,000

d. $585,000