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Question 7 3 pts ABC Company's accounting records reported the following account balances as of December 31, 2028: Inventory dots dots dots dots dots dots dots.$54,000 Trademark ............... $16,000 Interest revenue ......... $35,000 Accounts receivable ....... $48,000 Cost of goods sold dots dots dots dots.$31,000 Utilities expense ......... $24,000 Salaries payable .......... $19,000 Accumulated depreciation .... $37,000 Land .................... ? Dividends ............... $11,000 Income tax expense ....... $23,000 Common stock ............. ? Rental revenue ........... $36,000 Supplies ............... $28,000 Notes payable ............ $74,000 Retained earnings ......... $25,000 (at Jan. 1, 2028) Sales revenue ............ $93,000 Equipment ..........

ABC Company's accounting records reported the following account balances as of December 31, 2028: Inventory ............. \$54,000 Trademark .............. \$16,000 Interest revenue .........\$35,000 Accounts receivable ....... \$48,000 Cost of goods sold ........ \$31,000 Utilities expense ......... \$24,000 Salaries payable .......... \$19,000 Accumulated depreciation .... \$37,000 Land ? Dividends .............. \$11,000 Income tax expense ........ \$23,000 Common stock ........... ? Rental revenue ........... \$36,000 Supplies ............... \$28,000 Notes payable ........... \$74,000 Retained earnings ......... \$25,000 (at Jan. 1, 2028) Sales revenue ............ \$93,000 Equipment .............. \$82,000 Copyright .............. \$41,000 Accounts payable ......... \$79,000 Salaries expense ......... \$38,000 Cash ................. \$17,000 Additional information: ABC Company's total equity at December 31, 2028 was equal to 75% of the total liabilities at December 31, 2028. Calculate the total assets reported in ABC Company's December 31, 2028 balance sheet

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