The stockholders’ equity of Kowalski Company at the beginning and end of 2018 totaled $122,000 and $140,000, respectively. Assets at the beginning of 2018 were $149,000. If the liabilities of Kowalski Company increased by $69,000 in 2018, how much were total assets at the end of 2018? Use the accounting equation.
a. $218,000
b. $62,000
c. $236,000
d. $220,000

Select the best choice from among the possible answers given.