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ABC Company's accounting records reported the following account balances as of December 31, 2026: Supplies Interest revenue Patent Income tax expense Retained earnings $11,000
ABC Company's accounting records reported the following account balances as of December 31, 2026: Supplies Interest revenue Patent Income tax expense Retained earnings $11,000 $46,000 $58,000 $22,000 $86,000 (at Jan. 1, 2026) Equipment ... $37,000 Accounts payable $29,000 Salaries expense $31,000 Sales revenue $88,000 Cash.... $12,000 Land $54,000 Notes payable $70,000 Inventory $49,000 Common stock ... $97,000 Accounts receivable $33,000 Dividends $16,000 Salaries payable ? Cost of goods sold $53,000 Utilities expense $26,000 Trademark $57,000 Rent revenue $25,000 Calculate the amount of total assets reported in ABC Company's December 31, 2026 balance sheet.
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