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The account balances for a company are listed below.All balances are as of Dec. 31, 2015 , except where noted otherwise Prepaid Insurance$500 Equipment75,000 Cash16,600

The account balances for a company are listed below.All balances are as of Dec. 31, 2015, except

where noted otherwise

Prepaid Insurance$500 Equipment75,000

Cash16,600 Loss from Sale of Equipment 1,700

Accumulated Depreciation 7,000 Furniture14,000

Unearned Revenue 4,500Notes Payable (due 12/31/17)40,900

Dividends2,000 Sales Revenue98,900

Accounts Receivable8,400Retained Earnings (1/1/15)10,650

Supplies300 Salary Expense22,000

Cost of Goods Sold44,600 Salaries Payable1,600

Depreciation Expense1,350 Common Stock40,000

Goodwill10,000 Utility Expense5,400

Supplies Expense400Marketable Securities 9,500

Notes Payable (due 2/28/16)1,000

Accounts Payable7,200

1.Determine total assets as of Dec. 31, 2015:

A.$127,300

B.$141,300

C.$117,300

D.$125,950

E. None of the above

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