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  1. business
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  3. x company, a manufacturer, prepares monthly financ

X Company, a manufacturer, prepares monthly financial statements. On January 1, total assets were $112,163....

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X Company, a manufacturer, prepares monthly financial statements. On January 1, total assets were $112,163. The following transactions occurred during January: 0 . Issued additional shares of stock for $111,000. Acquired $8,500 of direct materials, $4,165 of it paid for with cash, the rest bought on open account. A one year rental agreement was signed for $6,200 per month. Rent for the first three months was paid in advance. Product sales were $115,000, $23,787 of which were cash sales; the rest were on account. Product costs were $92,000. Paid wages and salaries of $11,369. Paid $23,787 to suppliers for materials that X Company had previously purchased on account. Collected $23,688 from customers who had previously purchased products from X Company on account. . What would total assets be on January 31? [Ignore adjusting entries.]

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