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The assets, liabilities, owner's equity, revenue, and expenses of Flicker Company, a proprietorship, have the following final balances at December 31, 2020, the end

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The assets, liabilities, owner's equity, revenue, and expenses of Flicker Company, a proprietorship, have the following final balances at December 31, 2020, the end of its first year of business. Cash Notes Payable Office Furniture Utilities Expense $ 15,000 50,000 50,000 18,000 Rent Expense 48,000 Accounts Payable 12,000 B. Philpott, Capital 90,000 Office Supplies 14,000 Service Revenue 610,000 Salaries Expense 430,000 Accounts Receivable 35,000 Salaries Payable 5,000 Supplies Expense 30,000 Research Expense 27,000 Equipment 100,000 What is the amount of total assets to report on the balance sheet for Flicker Company?

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