What amount should sun city report on balance sheet

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Sun City Corporation's end-of-year balance sheet consisted of the following amounts:

Cash $ 25,000 Accounts receivable $70,000

Property, plant, and equipment 70,000 Long-term debt 40,000

Capital stock 100,000 Accounts payable 20,000

Retained earnings ? Inventory 35,000

Problem 1: What amount should Sun City report on its balance sheet for total assets?

a. $200,000

b. $165,000

c. $100,000

d. $95,000

Reference no: EM132777067

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