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Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Sunland Company Balance Sheet December

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Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Sunland Company Balance Sheet December 31, 2022 $208000 27500 234500 $470000 Cash Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land Buildings Less: Accumulated depreciation Goodwill Total assets $186000 Accounts payable 160000 Salaries and wages payable 150000 Mortgage payable 92800 Total liabilities 252000 262000 Common stock 246000 Retained earnings 217000 Total stockholders' equity $1565800 Total liabilities and stockholders' equity $305000 (59000) $361300 734500 $1095800 $1565800 $725000 O $973000 $508000 $567000

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