X Company, a manufacturer, prepares monthly financial statements. On May 1, total assets were $114,101. The following transactions occurred during May:

• Issued additional shares of stock for $103,000.
• Acquired $8,200 of direct materials, $4,182 of it bought on open account, the rest paid for with cash.
• A one year rental agreement was signed for $6,500 per month. Rent for the first three months was paid in advance.
• Product sales were $104,000, $23,706 of which were cash sales; the rest were on account. Product costs were $83,200.
• Paid wages and salaries of $11,642.
• Paid $23,706 to suppliers for materials that X Company had previously purchased on account.
• Collected $23,743 from customers who had previously purchased products from X Company on account.

What would total assets be on May 31?