Assume Costco had the following transactions in May. Costco had a beginning balance in May of $200,000 of assets. What is Costco's ending asset balance after all adjusting entries have been completed for May?

• Paid $20,000 of cash to to purchase new equipment for its stores in May
• Prepaid rent for June for $6,000.
• Sold $20,000 of clothes to customers who paid with cash in May. The inventory cost of the clothes was $20,000.