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The Logan Company reported the following ending information after its first month of operations: Revenues $168,000 Equipment? Dividends 1,000 Common stock 58,000 Rent expense 7,200

The Logan Company reported the following ending information after its first month of operations: Revenues $168,000 Equipment? Dividends 1,000 Common stock 58,000 Rent expense 7,200 Inventory 18,600 Cash 22,800 Payroll expense 28,300 Notes payable 10,000 Cost of goods sold 104,700 What amount of equipment would the company report in its financial statements

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