If 1/1/X1 total assets amount to $105,000 and the company completed the following transactions in January 20X1:

1. Owners made capital contributions of $10,000.
2. Inventory which was originally purchased and recorded in November of the previous year at a cost of $35,000 is sold on account for $50,000.
3. Land was purchased at a price of $25,000 with a cash down payment of $12,000 cash and a $13,000 note payable providing for payment of principal and interest in 60 days.
4. Paid utility bills, amounting to $1,000.

Calculate the amount of total assets at 1/31/X1.

$189,000

$154,000

$91,000

$142,000

none of these