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Use the following data to determine the total dollar amount of assets to be classified as investments. Cash Sunland Company Balance Sheet December 31, 2022
Use the following data to determine the total dollar amount of assets to be classified as investments. Cash Sunland Company Balance Sheet December 31, 2022 $197000 Accounts payable 144000 Salaries and wages payable 158000 Mortgage payable 92100 Total liabilities Accounts receivable Inventory $207000 30000 229500 $466500 Prepaid insurance Stock investments (long-term) 261000 Land 268000 Buildings $308000 Common stock $388100 Less: Accumulated depreciation (58500) 249500 Retained earnings 728000 Goodwill 213000 Total stockholders equity $1116100 Total assets $1582600 Total liabilities and stockholders' equity $1582600 $261000 $0 $529000 $468000
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