On December 31, 2018, the Balance Sheet of Roberts Realty

Multiple Choice

On December 31, 2018, the balance sheet of Roberts Realty reported total assets of $200,000. The following transactions occurred during the month of January 2019:
(1) The business purchased land for $250,000, paying $100,000 cash and issuing a note payable for the balance.
(2) The business collected accounts receivable totaling $45,000.
(3) The business sold land (which had cost $50,000) for $60,000 cash.
(4) The business paid off $50,000 of Notes Payable.
What is the amount of the company's total assets on January 31, 2019?

A) $455,000
B) $365,000
C) $460,000
D) $310,000