Arnold Company compiled the following financial information as of December 31: Revenues $280,000 Common stock 80,000 Equipment 60,000 Expenses 250,000 Cash 70,000 Dividends 20,000 Supplies 10,000 Accounts payable 30,000 Accounts receivable 40,000 Retained earnings, 1/1 60,000 Arnold's assets on December 31 are: $_________