Problem
Lex Inc. reported the following items for the current year:
Buildings $101,160
|
Insurance Expense $12,000
|
Salary Payable 20,000
|
Equipment 45,620
|
Cash 9,376
|
Account Receivable 20,334
|
Long Term Note Payable 10,000
|
Account Payable 50,000
|
Inventory 11,553
|
Other assets 8,600
|
What is the total assets amount at year end?