Riley Company began operations on August 1, 2026 and

entered into the following transactions during 2026:

1. On August 1, Riley Company sold common stock to

owners in the amount of $60,000 and borrowed

$48,000 from a local bank on a 10-month, 10%

note payable.

2. On August 14, Riley Company purchased inventory

for $42,000 cash.

3. On September 1, Riley Company purchased a 3-year

insurance policy for $27,000 cash.

4. On September 19, Riley Company purchased land for

$30,000 cash.

5. On October 28, Riley Company sold two-thirds of

the inventory that was purchased on August 14

to a customer for $62,000 cash.

6. On December 3, Riley Company sold the land that

was purchased on September 19 for $19,000 cash.

7. On December 31, Riley recorded all necessary

adjusting entries.

Calculate the amount oftotal assetsreported in Riley

Company'sDecember 31, 2026 balance sheet after all of

the above transactions have been recorded and posted.