Beta Corporation Purchased $100,000 Worth of Land by Paying $10,000

Multiple Choice

Beta Corporation purchased $100,000 worth of land by paying $10,000 cash and signing a $90,000 mortgage.Immediately prior to this transaction the corporation had assets,liabilities,and owners' equity in the amounts of $150,000,$30,000,and $120,000 respectively.What is the total amount of Beta Corporation's assets after this transaction has been recorded?

A) $240,000
B) $250,000
C) $160,000
D) $40,000
E) $260,000