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At December 31, 2018, the accounting records of Braun Corporation contain the following items: Accounts Payable $16,000 Accounts Receivable $40,000 Land 240,000 Cash 2 Capital

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At December 31, 2018, the accounting records of Braun Corporation contain the following items: Accounts Payable $16,000 Accounts Receivable $40,000 Land 240,000 Cash 2 Capital Stock ? Equipment 120,000 Building 180,000 Notes Payable 190,000 Retained Earnings 160,000 of Cash at December 31, 2018 is $66,000, total assets amounts to: $646,000 $806,000 $606,000 $662,000

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