X Company, a manufacturer, prepares monthly financial statements. On January 1, total equities were $111,710. The following transactions occurred during January:

• Issued additional shares of stock for $107,000.
• Acquired $8,900 of direct materials, $4,984 of it bought on open account, the rest paid for with cash.
• A one year rental agreement was signed for $6,100 per month. Rent for the first two months was paid in advance.
• Product sales were $116,000, $23,532 of which were cash sales; the rest were on account. Product costs were $77,720.
• Paid wages and salaries of $11,260.
• Paid $23,532 to suppliers for materials that X Company had previously purchased on account.
• Collected $23,086 from customers who had previously purchased products from X Company on account.

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