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Use the following data to determine the total dollar amount of assets to be classified as long-term investments. Marigold Corp. Balance Sheet December 31,
Use the following data to determine the total dollar amount of assets to be classified as long-term investments. Marigold Corp. Balance Sheet December 31, 2025 Cash $189000 Accounts payable $207000 Accounts receivable 152000 Salaries and wages payable 28000 Inventory 173000 Mortgage payable 242500 Prepaid insurance 94300 Total liabilities 477500 Stock investments (Noncurrent) 271000 Land Buildings 298000 $3160 Common stock 412800 Less: Accumulated depreciation (64500) 251500 Retained earnings 744500 Goodwill Total assets 206000 Total stockholders' equity 1157300 $1634800 Total liabilities and stockholders' equity $1634800 O $271000 o $477000 O $569000
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