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The following information is taken from the records of Alfred Inc. at December 31, 2019. Cash $35,000 Bank Loan $20,000 Land $100,000 Net Income

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The following information is taken from the records of Alfred Inc. at December 31, 2019. Cash $35,000 Bank Loan $20,000 Land $100,000 Net Income $30,000 Equipment $15,000 Accounts Payable $22,000 Insurance Expense $2.500 Accounts Receivable $72,000 Miscellaneous Expense $3,000 Office Supplies Expense. $5,500 How much is total equity? $180,000 $202,000 O

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