X Company, a manufacturer, prepares monthly financial statements. On August 1, total equities were $111,194. The following transactions occurred during August: Issued additional shares of stock for $101,000. Acquired $8,800 of direct materials, $4,488 of it bought on open account, the rest paid for with cash. A one year rental agreement was signed for $5,700 per month. Rent for the first two months was paid in advance. Product sales were $114,000, $23,399 of which were cash sales; the rest were on account. Product costs were $83,220. Paid wages and salaries of $11,731. Paid $23,399 to suppliers for materials that X Company had previously purchased on account. Collected $23,863 from customers who had previously purchased products from X Company on account. What would total equities be on August 31? [Ignore adjusting entries.] A: $155,111 B: $181,480 C: $212,332 OD: $248,428| OE: $290,661 F: $340,074