26) At the beginning of October, Ingram Company's assets totaled $288,800 and liabilities totaled $72,800. During October the following summarized transactions occurred: Additional shares of stock were sold for $24,800 cash. A building costing $115,600 was purchased using $12,800 cash and by signing $102,800 long-term note payable. Short-term investments costing $11,600 were purchased using cash. $12,800 was paid to an employee as a loan; the employee signed a six-month note in exchange for the loan. How much are Ingram's total assets at the end of October? A) $416,400 B) $300,400 C) $301,600 D) $403,600 288,800

26) At the beginning of October, Ingram Company's assets totaled $288,800 and liabilities totaled $72,800. During October the following summarized transactions occurred: Additional shares of stock were sold for $24,800 cash. A building costing $115,600 was purchased using $12,800 cash and by signing $102,800 long-term note payable. Short-term investments costing $11,600 were purchased using cash. $12,800 was paid to an employee as a loan; the employee signed a six-month note in exchange for the loan. How much are Ingram's total assets at the end of October? A) $416,400 B) $300,400 288,800 C) $301,600 D) $403,600