X Company, a manufacturer, prepares monthly financial statements. On January 1, total assets were $113,070. The following transactions occurred during January:

• Issued additional shares of stock for $113,000.
• Acquired $8,800 of direct materials, $4,312 of it paid for with cash, the rest bought on open account.
• A one year rental agreement was signed for $5,400 per month. Rent for the first two months was paid in advance.
• Product sales were $118,000, $23,660 of which were on account; the rest were cash sales. Product costs were $75,520.
• Paid wages and salaries of $11,959.
• Paid $23,127 to suppliers for materials that X Company had previously purchased on account.
• Collected $23,660 from customers who had previously purchased products from X Company on account.

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

A: $178,911

B: $237,952

C: $316,476

D: $420,913

E: $559,815

F: $744,554