2)At December 31, Year 1, the accounting records of Braun Corporation contain the following items:

Accounts Payable	$ 15,000	Accounts Receivable	$ 38,000
Land	$ 238,000	Cash	?
Capital Stock	?	Equipment	$ 118,000
Building	$ 178,000	Notes Payable	$ 188,000
Retained Earnings	$ 158,000

If Cash at December 31, Year 1, is $64,000, total assets amounts to:

Multiple Choice

• $636,000.

• $598,000.

• $651,000.

• $794,000.