The assets and liabilities of So So Service at December 31, 2012, the end of the current year, and its revenue and expenses for the year are listed below. The amount of capital of the owner, A. Southern, was $87,000 at December 31, 2012, the end of the current year after the statement of owner's equity was prepared. Using the information below, determine the amount of the total assets that should be listed on the balance sheet as of December 31, 2012 Accounts payable Accounts Receivable 10,000 20,000 Cash 60,000 Fees earned 100,000 Land 15,000 Miscellaneous expenses 1,000 Rent expense 9,000 Supplies 2,000 Wages expense 50,000 Selected Answer $197,000 Answers $197,000 $107,000 $97,000 $77,000