Jill opened a clothing store on January 2, 20X1. She contributed $25,000 for inventory, equipment, and supplies. Additionally, she loaned the business $10,000 for working capital. The first payment on the loan is due January 31^st, 20X2. At Christmas, she took a draw of $5,000. The ending balance in equity was $34,500 on December 31^st, 20X1. The only liability of the clothing store is to Jill for the working capital loan. Jill's year-end financial statements reported ________ for total assets.

$44,500

$14,500

$9,500

$19,500