Harbor City Corporation's End-Of-Year Balance Sheet Consisted of the Following

Multiple Choice

Harbor City Corporation's end-of-year balance sheet consisted of the following amounts:

$\begin{array}{lrlr}\text { Cash }&\$15,000&\text { Accounts receivable }&\$50,000\\\text { Property, plant, and equipment } & 70,000 & \text { Long-term debt } & 40,000 \\\text { Capital stock } & 100,000 & \text { Accounts payable } & 20,000 \\\text { Retained earnings } & ? & \text { Inventory } & 35,000\end{array}$
- What amount should Harbor City report on its balance sheet for total assets?

A) $110,000
B) $155,000
C) $170,000
D) $190,000