A company was formed with $60,900 cash contributed by its owners in exchange for common stock. The company borrowed $30,900 from a bank. The company purchased $10,900 of inventory and paid cash for it. The company also purchased $70,900 of equipment by paying $10,000 in cash and issuing a note for the remainder. What is the amount of the total assets to be reported on the balance sheet? Multiple Choice O $80,900 O $162,700 O $152,700