A company's financial records at the end of the year included the following amounts: Cash$70,400? Accounts Receivable 28,400? Supplies 4400? Accounts Payable 10,400? Notes Payable 5200? Retained Earnings, beginning of year 17,400? Common Stock 44,000? Service Revenue 50,400? Wages Expense 8400? Advertising Expense 5400? Rent Expense 10,400? What is the amount of total assets to be reported on the balance sheet at the end of the year?
A. $113,600.
B. $120,600.
C. $103,200.
D. $153,600.
Answer: C
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