The incompletetrial balanceof ABC, Inc. reports the following assets and liabilities. Compute the missingAsset amount that would appear in the corporation'strial balanceaccording to the basic accounting equation (Assets = Liabilities + Owners' Equity (Capital Stock)).

Cash...............................$55,000

Accounts Payable...............25,000

Office Supplies................... 15,000

Loan Payable.......................7,000

Accounts Receivable.............10,000

Owners capital .........................115,000

Select one:

a. 67,000

b. 80,500

c. 70,500