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The following balances were taken from the company's records: Inventory 380,000 Land 290,000 Cash 129,000 Prepaid Rent 33,000 Retained Earnings 220,000 Accounts Receivable 190,000

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The following balances were taken from the company's records: Inventory 380,000 Land 290,000 Cash 129,000 Prepaid Rent 33,000 Retained Earnings 220,000 Accounts Receivable 190,000 Accounts Payable 180,000 Unearned Revenue 110,000 Common Stock 312,000 Long-term Notes Payable 200,000 Calculate total assets. $842,000 $732,000 $1,022,000 $699,000

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