A company's financial records at the end of the year included the following amounts:Cash$70,000Accounts Receivable28,000Supplies4,000Accounts Payable10,000Notes Payable5,000Retained Earnings, beginning of year17,000Common Stock40,000Service Revenue53,000Wages Expense8,000Advertising Expense5,000Rent Expense10,000?What is the amount of total assets to be reported on the balance sheet at the end of the year?
A. $155,000
B. $112,000
C. $102,000
D. $119,000
Answer: C
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