A company reported total equity of $163,000 at the beginning of the year. The company reported $228,000 in revenues and $174,000 in expenses for the year. There were no stockholder investments or dividends during the year. Liabilities at the end of the year totaled $101,000. What are the total assets of the company at the end of the year?

Multiple Choice

• $228,000.

• $318,000.

• $116,000.

• $101,000.

• $54,000.