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

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

Concord Corporation Balance Sheet December 31, 2022

Cash

$126200

Accounts payable

$167500

Accounts receivable

125000

Salaries and wages payable

25100

Inventory

208300

Mortgage payable

265900

Prepaid insurance

87900

Total liabilities

$458500

Stock Investments

255000

Land

290000

Buildings

$335000

Common stock

$362000

Less: Accumulated depreciation

(62500) 272500

Retained earnings

757100

Trademarks

212700

Total stockholders' equity

$1119100

Total assets

$1577600

Total liabilities and stockholders' equity

$1577600

$ 837700

$ 1030300

$ 775200

$ 562500

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