At December 31, Year 1, the accounting records of Braun Corporation contain the following items: Accounts Payable $ 11,500 Accounts Receivable $ 31,000 Land $ 231,000 Cash ? Capital Stock ? Equipment $ 111,000 Building $ 171,000 Notes Payable $ 181,000 Retained Earnings $ 151,000 If Capital Stock is $311,000, total assets of Braun Corporation at December 31, Year 1, amounts to:

Multiple Choice

$685,500.

$654,500.

$92,500.

$885,500.