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Use the following data to determine the total dollar amount of assets to be classified as investments Metlock, Inc. Balance Sheet December 31, 2022

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Use the following data to determine the total dollar amount of assets to be classified as investments Metlock, Inc. Balance Sheet December 31, 2022 Cash $127200 Accounts payable $150000 Accounts receivable Salaries and wages 124400 27900 payable Inventory 203400 Note payable (due 2025) 272200 Short-term investments 85600 Total liabilities $450100 Land (held for future 252000 use) Land 282500 Buildings $337500 Common stock $364500 Less: Accumulated (55100) 282400 Retained earnings 744700 depreciation Total stockholders' Franchise 201800 $1109200 equity

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