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On December 1, Addy Corporation has total assets of $643,000. During the month of December,...

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Accounting

On December 1, Addy Corporation has total assets of $643,000. During the month of December, the following transactions occurred:

1| Purchased land for $212,000 cash 2| Collected $88,500 on accounts receivable 3| Purchased equipment for $135,500, paying $55,000 in cash and issuing a note payable for $80,500. 4| Paid $68,000 of the note payable. What are Addy Corporation's total assets on December 31?

Select one:

a. $935,500

b.$655,500

c. None of the answer choices

d. $990,500

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