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Question Problem 1:
Accounts payable $65,000,
Accounts receivable $44,000,
Accounts receivable $100,000,
Cash $50,000,
Dividends $10,000,
Goodwill $47,000,
Interest expense $4,000,
Interest payable $2,000,
Inventory $23,000,
Notes payable $80,000,
Prepaid expenses $5,000,
Property, plant & equipment $123,000,
Retained earnings $46,000,
Rent expense $18,000,
Revenues $101,000, and
Salary expense $60,000.
Question 1: How much are total assets?
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