Use the following data to determine the total dollar amount of assets to be classified as

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

Eddy Auto Supplies
Balance Sheet
December 31, 2014
Cash
 
$84,000
 
Accounts payable
$110,000
Accounts receivable
 
80,000
 
Salaries and wages payable
20,000
Inventory
 
140,000
 
Mortgage payable
180,000
Prepaid insurance
 
60,000
 
Total liabilities
$310,000
Stock Investments
 
170,000
 
 
 
Land
 
190,000
 
 
 
Buildings
$226,000
 
 
Common stock
$240,000
Less: Accumulated depreciation
(40,000)
186,000
 
Retained earnings
500,000
Trademarks
 
140,000
 
      Total stockholders' equity
$740,000
Total assets
 
$1,050,000
 
           Total liabilities and stockholders' equity
$1,050,000


 
$556,000
 

 
$686,000
 

 
$516,000
 

 
$376,000
 
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