The following information is for Central Avenue Real Estate: 

a. $210,000

b. $230,000.

c. $285,000.

d. $315,000.

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Central Avenue Real Estate Balance Sheet December 31, 2018 $ 25,000 $ 60,000 Accounts Payable Salaries and Wages Payable Mortgage Payable Cash Prepaid Insurance Accounts Receivable 40,000 25,000 50,000 85,000 170,000 Total Liabilities Inventory Land Held for Investment 80,000 75,000 Land 120,000 Building $110,000 Less Accumulated Owner's Capital 380,000 Depreciation (20,000) 90,000 70,000 $550.000 Trademark Total Liabilities and Total Assets Owner's Equity $550,000 Central Avenue Real Estate Balance Sheet December 31, 2018 $ 25,000 $ 60,000 Accounts Payable Salaries and Wages Payable Mortgage Payable Cash Prepaid Insurance Accounts Receivable 40,000 25,000 50,000 85,000 170,000 Total Liabilities Inventory Land Held for Investment 80,000 75,000 Land 120,000 Building $110,000 Less Accumulated Owner's Capital 380,000 Depreciation (20,000) 90,000 70,000 $550.000 Trademark Total Liabilities and Total Assets Owner's Equity $550,000

Answer rating: 100% (QA)

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