Required information [The following information applies to the questions displayed below) The following transactions occurred during March, the first month of operations for Quality Galleries, Inc.: Capital stock was issued in exchange for $360,000 cash * Purchased $180,000 of equipment by making a $60,000 cash down payment and signing a note payable for the balance. * Made a $35.000 cash payment on the note payable from the purchase of equipment * Sold a piece of equipment for cash of $18,000. The equipment was sold at cost, so there is no gain or loss on the sale. What are total assets of Quality Galleries at the end of March? o $480,000 o $445,000 o $162,000 o $283,000