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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

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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 $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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