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

Acquired $$30,000$ cash from the issue of common stock.

Borrowed $$42,000$ cash from National Bank.

Earned cash revenues of $$58,000$ for performing services.

Paid cash expenses of $$50,000.$

Paid a $$2,000$ cash dividend to the stockholders.

Acquired an additional $$30,000$ cash from the issue of common stock.

Paid $$11,000$ cash to reduce the principal balance of the bank note.

Paid $$51,000$ cash to purchase land.

Determined that the market value of the land is $$71,000.$

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