X Company, a manufacturer, prepares monthly financial statements. On May 1, total assets were $111,413. The following transactions occurred during May: Issued additional shares of stock for $116,000. Acquired $8,600 of direct materials, $3,784 of it paid for with cash, the rest bought on open account. A one year rental agreement was signed for $7,200 per month. Rent for the first two months was paid in advance. Product sales were $124,000, $23,816 of which were cash sales; the rest were on account. Product costs were $78,120. Paid wages and salaries of $11,064. Paid $23,816 to suppliers for materials that X Company had previously purchased on account. Collected $23,633 from customers who had previously purchased products from X Company on account. What would total assets be on May 31? [Ignore adjusting entries.]