Calculate the total assets, liabilities, or equity from given information.

Consider the following information:

Cash: $10,000

Accounts Receivable: $7,000

Office Supplies: $2,000

Prepaid Insurance: $3,000

Buildings: $150,000

Accumulated Depreciation: ($30,000)

Accounts Payable: $5,000

Notes Payable: $30,000

Owner's Equity: $107,000

From the above set of data, what is the total for assets, liabilities, and equity?

• a.)
• Total Assets: $142,000
• Total Liabilities: $35,000
• Total Equity: $107,000
• b.)
• Total Assets: $152,000
• Total Liabilities: $35,000
• Total Equity: $117,000
• c.)
• Total Assets: $167,000
• Total Liabilities: $30,000
• Total Equity: $137,000
• d.)
• Total Assets: $172,000
• Total Liabilities: $35,000
• Total Equity: $137,000