The Following Financial Information Is From Cook Company:

(Correct Answer Below)

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The Following Financial Information Is From Cook Company:

Accounts Payable: $55,000 Land: $90,000 Inventory: $10,500 Accounts Receivable: $7,500 Equipment: $8,000 Deferred Revenue: $58,500 Short-term Investments: $20,000 Notes Receivable (due in 8 months): $45,500 Interest Payable: $2,000 Patents: $75,000 What is the total amount of property, plant, and equipment assuming the accounts above reflect normal activity?
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98,000
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