Below Is a List of Various Balance Sheet Accounts and Their

Multiple Choice

Below is a list of various balance sheet accounts and their balances. $\begin{array}{|l|r|r|} \hline& {\text { Debit }}&\text { Credit } \\\hline \text { Building } & \$ 100,000 \\\hline \text { Cash } & 2,000 \\\hline \text { Supplies } & 800 \\\hline \text { Furniture } & 2,600 \\\hline \text { Prepaid insurance } & 150 \\\hline \text { Accumulated depreciation-furniture } & & \$ 900 \\\hline \text { Inventory } & & \\\hline \text { Land } & 25,000 \\\hline \text { Accumulated depreciation-building } & & 4,800 \\\hline \text { Accounts rec eivable } & 1,500\\\hline\end{array}$
- What are the total long-term assets that would be shown on the balance sheet?

A) $127,600
B) $121,900
C) $128,400
D) $96,900