Elston Company compiled the following financial information as of December 31, 2010 (not in trial balance order): Sales $140,000 Common stock 30,000 Equipment 40,000 Expenses 125,000 Cash 35,000 Dividends 10,000 Inventory 5,000 Accounts payable 20,000 Accounts receivable 15,000 Retained earnings, 1/1/10 75,000 Elstons total liabilities on December 31, 2010 is:

$15,000

$20,000

$80,000

$ 5,000

Elston Company compiled the following financial information as of December 31, 2010: Sales $140,000 Common stock 30,000 Equipment 40,000 Expenses 125,000 Cash 35,000 Dividends 10,000 Inventory 5,000 Accounts payable 20,000 Accounts receivable 15,000 Retained earnings, 1/1/10 75,000 Elstons total assets on December 31, 2010 is:

		$235,000
		$170,000
		$ 80,000
		$ 95,000