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Use the following data to determine the total dollar amount of assets to be classified as investments. Vaughn Manufacturing Balance Sheet December 31, 2022 Cash
Use the following data to determine the total dollar amount of assets to be classified as investments. Vaughn Manufacturing Balance Sheet December 31, 2022 Cash $200000 Accounts payable $205000 Accounts receivable 149000 Salaries and wages payable 29000 Inventory 166000 Mortgage payable 233000 Prepaid insurance 92100 Total liabilities $467000 Stock investments 263000 Land 280000 Buildings $310000 Common stock $433600 Less: Accumulated depreciation (58500) 251500 Retained earnings 726000 Goodwill 225000 Total stockholders' equity $1159600 Total assets $1626600 Total liabilities and stockholders' equity $1626600 Select answer from the options below $0 $468000 $263000 $543000
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