ABC Company began operations on May 1, 2024 when owners invested $85,000 cash into the business in exchange for shares of stock. ABC Company entered into the following transactions during 2024:

June 1: Purchased a two-year insurance policy for $21,000 cash.

August 1: Purchased supplies costing $24,000 and purchased inventory costing $39,000. Both the supplies and the inventory.

September 1: Sold two-thirds of the inventory that was purchased on August 1 to a customer for $47,000 cash. October 1: Paid a dividend to stockholders in the amount of $3,000. November 1: Made a $50,000 payment to the vendor from whom the inventory and supplies were purchased from. December 31: Based on a physical count, supplies costing $16,000 were still on hand. Calculate the amount of total assets that ABC Company would report in its December 31, 2024 balance sheet after all the above transactions are recorded and all adjusting entries are made at December 31, 2024.