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The following information relates to XYZ Company: January 1, 2023 Liabilities $137,000 Retained earnings $232,000 December 31, 2023: Total equity $285,000 During 2023, the assets

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The following information relates to XYZ Company: January 1, 2023 Liabilities $137,000 Retained earnings $232,000 December 31, 2023: Total equity $285,000 During 2023, the assets of XYZ Company decreased by $65,000, the liabilities increased by $14,000, and the common stock increased by $29,000. Calculate XYZ Company's total assets at January 1, 2023

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