OFFICE WORLD BALANCE SHEET as of December 31, 2021 ASSETS CASH $50,000 10% ACCOUNTS RECEIVABLE 90% TOTAL ASSETS $ 100% LIABILITIES ACCOUNTS PAYABLE $25,000 5% NOTES PAYABLE 25% TOTAL LIABILITIES 30% EQUITY TOTAL EQUITY $350,000 70% TOTAL LIABILITIES + EQUITY 100% Based on the vertical analysis of the balance sheet above, the balance of total assets is __________. a.) $500,000 b.) $95,000 c.) $150,000 d.) $450,000