X Company, a manufacturer, prepares monthly financial statements. On January 1, total assets were $117,782. The following transactions occurred during January: Issued additional shares of stock for $120,000. Acquired $8,200 of direct materials, $3,608 of it paid for with cash, the rest bought on open account. A one year rental agreement was signed for $6,200 per month. Rent for the first three months was paid in advance. Product sales were $109,000, $23,395 of which were on account; the rest were cash sales. Product costs were $83,930. Paid wages and salaries of $11,439. Paid $23,262 to suppliers for materials that X Company had previously purchased on account. Collected $23,395 from customers who had previously purchased products from X Company on account. What would total assets be on January 31? [Ignore adjusting entries.]