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Use the following data to determine the total dollar amount of assets to be classified as investments. Ayayai Corp. Balance Sheet December 31, 2022 Cash
Use the following data to determine the total dollar amount of assets to be classified as investments. Ayayai Corp. Balance Sheet December 31, 2022 Cash and cash equivalents $72500 Accounts payable $142000 Accounts receivable 100500 Salaries and wages payable 18700 Inventory 136000 Bonds payable 167500 Prepaid insurance 80000 Total liabilities $328200 Stock investments 194500 Land 186000 Buildings $210000 Common stock $204300 Less: Accumulated depreciation (60500) 149500 Retained earnings 505000 Trademarks 118500 Total stockholders equity $709300 Total assets $1037500 Total liabilities and stockholders' equity $1037500
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