ABC Co$.$ deposited $$80,000$ in a bank account, purchased a building for $$40,000$ and inventory for $$20,000$ both for cash, performed services for clients for $$10,000$ cash, purchased supplies for $$5,000$ on account, and paid utilities of $$2,000$ cash. What is the amount of total assets?

Selected Answer:

Incorrect

None of the above

Answers:

$$80,000$

$$78,000$

Correct

$$88,000$

None of the above