Maben Company was started on January $1,$ Year $1,$ and experienced the following events during its first year of operation:

$1.$ Acquired $$29,000$ cash from the issue of common stock.

$2.$ Borrowed $$41,000$ cash from National Bank.

$3.$ Earned cash revenues of $$57,000$ for performing services.

$4.$ Paid cash expenses of $$49,500.$

$5.$ Paid a $$1,900$ cash dividend to the stockholders.

$6.$ Acquired an additional $$29,000$ cash from the issue of common stock.

$7.$ Paid $$10,000$ cash to reduce the principal balance of the bank note.

$8.$ Paid $$52,000$ cash to purchase land.

$9.$ Determined that the market value of the land is $$73,000.$

Problem $2-20$A $($Algo$)$ Part b

b$.$ Determine the amount of total assets that Maben would report on the December $31,$ Year $1,$ balance sheet.