Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Sheridan Company Balance Sheet December 31, 2022 Cash $188000 Accounts payable $200000 Accounts receivable 151000 Salaries and wages payable 30500 Inventory 168000 Mortgage payable 228500 Prepaid insurance 91200 Total liabilities $459000 Stock Investments 259000 Land 258000 Buildings $302000 Common stock Less: Accumulated depreciation (57000) 245000 Retained earnings Trademarks 202000 Total stockholders' equity $378200 725000 $1103200 Total assets $1562200 Total liabilities and stockholders' equity $1562200 O $705000 O $964000 O $503000 O $560000