X Company, a manufacturer, prepares monthly financial statements. On August 1, total assets were $116,408. The following transactions occurred during August:

• Issued additional shares of stock for $119,000.
• Acquired $9,000 of direct materials, $3,960 of it paid for with cash, the rest bought on open account.
• A one year rental agreement was signed for $7,200 per month. Rent for the first three months was paid in advance.
• Product sales were $115,000, $23,765 of which were on account; the rest were cash sales. Product costs were $82,800.
• Paid wages and salaries of $10,761.
• Paid $23,582 to suppliers for materials that X Company had previously purchased on account.
• Collected $23,765 from customers who had previously purchased products from X Company on account.

What would total assets be on August 31? [Ignore adjusting entries.]

A: $238,305

B: $269,285

C: $304,292

D: $343,850

E: $388,550

F: $439,062