Use the Following Information for Meeker Corp A) $530,000

Multiple Choice

Use the following information for Meeker Corp. to determine the amount of equity to report. $$\begin{array} { l r } \text { Cash } & \$ 70,000 \\\text { Buildings } & 125,000 \\\text { Land } & 205,000 \\\text { Liabilities } & 130,000\end{array}$$

A) $530,000.
B) $140,000.
C) $20,000.
D) $270,000.
E) $390,000.