QUESTION INFORMATION: Miami Company began operations in 2022. During 2022, Miami entered into the following transactions:

• On January 1, Miami received $62,000 cash from Butler Bank. Miami will not repay this loan for several years.
• On January 1, Miami purchased a building for $54,000 cash. The building has a $4,000 salvage value and a 25-year useful life.
• On February 1, Miami received $90,000 cash in advance of services being provided. The services will be performed equally between February 1, 2022 and January 31, 2023.
• On November 1, Miami purchased an insurance policy for $36,000 cash. The insurance policy covers the 12-month period from November 1, 2022 to October 31, 2023.
• On December 1, Miami paid its owners a $22,000 cash dividend.

QUESTION TO ANSWER: After recording all transactions for 2022, including any necessary adjusting journal entries, Miami's total assets balance as of December 31, 2021 is $______.