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Question - According to the partial list of account below, what is the amount of assets currently on the book?
Investors contributed $150,000
Revenues totaled $90,000
Wages paid to manager, salespeople and delivery worker totaled $20,000
Rent paid totaled: $14,000
Inventory on hand totalled: $40,000
Unpaid tax bill $15000
Cost of sales for the month of August was $15000
Machinery $6000
Account receivables $30000
1. $76000
2. $166000
3. $380000
4. $355000
5. $226000
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