QUESTION 12 Q12 - For extra credit (3 points), calculate TOTAL assets for Luca Furniture Cottage Ltd. for 12/31/2023 AFTER closing temporary accounts to R/E. Use the figures from the following trial balance (same as for Q11) and enter your response (numbers only, no symbols) in the answer box below. Account Titles Debits Credits Accounts Payable $8,500 Accounts Receivable $50,250 Accumulated Depreciation $136,300 Cash $24,400 Common Stock $175,000 Cost of Goods Sold $110,500

Account Titles		Debits	Credits
Accounts Payable			$8,500
Accounts Receivable		$50,250
Accumulated Depreciation			$136,300
Cash		$24,400
Common Stock			$175,000
Cost of Goods Sold		$110,500
Deferred Revenue			$15,000
Depreciation Expense		$4,500
Dividends		$5,000
Equipment		$214,500
Income Tax Expense		$1,000
Insurance Expense		$4,800
Interest Expense		$2,500
Inventory		$95,000
Retained Earnings, 1/1/2021			$7,350
Maintenance Expense		$9,550
Notes Payable, Noncurrent			$25,000
Prepaid Rent		$1,500
Rent Expense		$28,500
Salaries & Wages Expense		$52,750
Sales Discounts		$3,000
Sales Returns & Allowances		$4,250
Sales Revenue			$244,850

Respond in the box below (numbers only):