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The following information is taken from Gandalf, Pty, Ltd. book: Accounts Payable $600 Accounts Receivable $5,200 Cash $27,000 Loan Payable in 6 months $4,400 Revenue

The following information is taken from Gandalf, Pty, Ltd. book:

Accounts Payable

$600

Accounts Receivable

$5,200

Cash

$27,000

Loan Payable in 6 months

$4,400

Revenue received in advance

$12,000

Bank Loan Mortgage

$30,000

Accumulated depreciation

$7,800

Inventory

$10,200

Buildings

$17,600

Supplies

$1,600

What is the most likely amount for the company's net assets?

Select one:

a. $41,600.

b. $6,800.

c. $14,600.

d. $26,600.

e. $18,800.

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