X Company, a manufacturer, prepares monthly financial statements. On August 1, total equities were $119,854. The following transactions occurred during August: Issued additional shares of stock for $109,000. Acquired $8,600 of direct materials, $4,214 of it paid for with cash, the rest bought on open account A one year rental agreement was signed for $6,000 per month. Rent for the first two months was paid in advance. Product sales were $111,000, $23,460 of which were on account; the rest were cash sales. Product costs were $84,360 Paid wages and salaries of $11,916. Paid $23,878 to suppliers for materials that X Company had previously purchased on account. Collected $23,460 from customers who had previously purchased products from X Company on account. What would total equities be on August 317 [Ignore adjusting entries.]