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A company's financial records at the end of the year included the following amounts:
Cash $71,200
Accounts Receivable 29,200
Supplies 5200
Accounts Payable 11,200
Notes Payable 5600
Retained Earnings, beginning of year 18,200
Common Stock 52,000
Service Revenue 45,200
Wages Expense 9200
Advertising Expense 6200
Rent Expense 11,200
Problem 1: What is the amount of total assets to be reported on the balance sheet at the end of the year?
Select one:
A. $150,800.
B. $105,600.
C. $123,800.
D. $116,800.
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