Canyon Corporation

The accountant for the Canyon Corporation prepared the following list from the companys accounting records for the year ended December 31, 2014:

	Retained earnings	?		Prepaid expenses	$ 3,000
	Cash	$ 7,000		Common stock	40,000
	Accounts payable	15,000		Accounts receivable	17,000
	Sales revenue	125,000		Interest income	500
	Cost of sales	70,000		Salary expense	4,000
	Land	75,000		Income tax expense	200
	Notes payable	15,000		Selling expense	45,000
	Inventory	20,000		Salaries payable	5,000

Read the above information for Canyon Corporation. Determine the following amounts for Canyon Corporation.

What is the composition of total assets?