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At the beginning of April, Warren Corporation's assets totaled $250,000 and liabilities...

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Accounting

At the beginning of April, Warren Corporation's assets totaled $250,000 and liabilities totaled $70,000. During April the following summarized transactions occurred:
Additional shares of stock were sold for $25,000 cash.
A building costing $105,000 was purchased using $15,000 cash and by signing an $90,000 long-term note payable.
Short-term investments costing $10,000 were purchased using cash.
$11,000 was paid to an employee as a loan; the employee signed a six-month note in exchange for the loan.
How much are Warren's total assets at the end of April?
Multiple Choice
$365,000
$260,000
$390,000
$260,000

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