Helena Cobegan Operations on January 1,2014,with $100,000 from the Issuance of of Stock

Multiple Choice

Helena Co.began operations on January 1,2014,with $100,000 from the issuance of stock and borrowed funds of $15,000.Net income for 2014 was $5,000 and Helena paid a $400 cash dividend on December 15.No additional activities affected owners' equity in 2014.At December 31,2014,Helena's liabilities had increased to $18,800.In Helena's December 31,2014,balance sheet,total assets should be reported at

A) $119,600.
B) $120,000.
C) $123,400.
D) $138,400.