McmanusCo began business this year and entered into the following transactions during the year. McmanusCo issued common stock in exchange for cash of $80,000 from stockholders, borrowed $40,000 from a bank, bought $12,000 of inventory on account, and purchased $32,000 of equipment by paying $12,000 in cash and issuing a note for the remainder. What the amount of total assets to be reported on the balance sheet at the end of the year? Multiple Choice O $128,000 a $104,000 $120.000 $120,000 O $152.000