3. Which of the following best represents the accounting equation for a business with the following balance sheet items: A. The accounting equation does not hold because total assets of $120,000 do not equal the sum of total liabilities and stockholder's equity of $124,000. B. The accounting equation does not hold because total assets of $125,000 do not equal the sum of total liabilities and stockholder's equity of $119,000. C. The accounting equation does not hold because total assets of $120,000 do not equal the sum of total liabilities and stockholder's equity of $119,000. D. The accounting equation does hold because total assets of $120,000 equals the sum of total liabilities and stockholder's equity of $120,000. E. None of the Above