Question 15 Not yet answered Marked out of 1.00 p Flag question ADAM Corporation began operations on January 1, 2011. Presented below is selected information related to ADAM at December 31, 2011. Equipment 145,000 Utilities Expense 18,000 Cash 42,000 Accounts Receivable 41,000 Service Revenue 324,000 Wages Expense 121,000 Rent Expense 39,000 Notes Payable 48,000 Dividends 45,000 Accounts Payable 22,000 Share Capital 84,000 CLO1 I Wages Payable 8,000 Supplies 15,000 Advertising Expense 20,000 The statement of financial position at December 31, 2011 reports total assets of Select one: a. 202,000 b. 160,000 C. 243,000 d. 228,000