ENM2003 (1) Accounti... Overview Plans Resources Status and follow-up Participants The following transactions occurred during June, the first month of operations for Tower Engineering, Inc Issued 80,000 shares of capital stock to the owners of the corporation in exchange for $800,000 cash Made a $100,000 cash payment on the note payable from the purchase of land. Purchased equipment on credit from CAD Pro for $56,000. Purchased a piece of land for $400,000, making a $120,000 cash down payment and signing a note payable for the balance. Refer to the above data. What are total assets of Tower Engineering at the end of June? Your answer: 800000 1036000 228000 290000