3 During 2021, company Asses Ltd had the following transactions: Shareholders contribute 20,000 Purchased inventory on credit for 75,000 Sales of 112,000 (COGS 65,000), half of them credit and half of them cash Bought a new machinery for 10,000. Depreciation is 20% a year Paid 24,000 in wages Took a provision for doutful debts of 2,000 Paid 6,000 in insurance cost, covering both 2021 and 2022 (24 months in total) Taxes amount to 10% of profits and are paid on 31/12/2021 At the end of 2021, total assets are: a. 123400 b. 108400 C 111400 d. 98400