The Bookkeeper for Wood Mfg -Refer to the Above Data

Multiple Choice

The bookkeeper for Wood Mfg. made the following journal entry on January 30, 2009:
$\begin{array}{|l|c|c|}\hline \text { Land} & 201,500 & \\\hline \text { Building . } & 84,500 & \\\hline \text { Cash } & & 65,000 \\\hline \text { Notes Payable} & & 221,000 \\\hline\end{array}$

-Refer to the above data. Before the journal entry above, Wood had assets, liabilities, and equity of $450,000, $100,000, and $350,000, respectively. What are total assets immediately after the above transaction occurs?

A) $221,000.
B) $671,000.
C) $735,500.
D) $450,000.