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Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Koonce Office Supplies Balance Sheet

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Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Koonce Office Supplies Balance Sheet December 31, 2022 Cash $ 195,000 Accounts payable $ 210,000 Accounts receivable 150,000 Salaries and wages payable 30,000 Inventory 165,000 Mortgage payable 240,000 Prepaid insurance 90,000 Total liabilities 480,000 Stock investments 255.000 Land 270,000 Buildings $315,000 Common stock 360,000 Less: Accumulated Retained eamings 750.000 depreciation (60,000) 255,000 Total stodicholders' equity 11110.000 Trademarks 210.000 Total liabilities and Total assets 51.590.000 stockholders' equity S1.590.000 $990,000 $525,000 $735,000 $585,000

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