The following data was taken from the books of Cullumber Inc. as of December 31: Cost of goods sold $15,400 Selling & administrative expense $3,000 Income tax expense 6,700 Accounts payable 13,300 Cash 4,400 Common shares, (3,250 shares) 20,000 Retained earnings (Jan 1) 8,000 Dividends 5,900 Other income 1,900 Interest expense 500 Sales revenue 30,700 Depreciation expense 1,800 Equipment 36,200 (a) Your answer is incorrect.

Calculate total assets.