The following financial information is from Cook Company:

Accounts Payable	$	55,000
Land	$	90,000
Inventory	$	10,500
Accounts Receivable	$	7,500
Equipment	$	8,000
Deferred Revenue	$	58,500
Short-Term Investments	$	20,000
Notes Receivable (due in 8 months)	$	45,500
Interest Payable	$	2,000
Patents	$	75,000

What is the total amount of long-term assets assuming the accounts above reflect normal activity?

• $173,000.

• $342,500.

• $273,500.

• $98,000.