The following account balances were taken from the accounting records of Towing company for the...
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Accounting
The following account balances were taken from the accounting records of Towing company for the year ended December 31, 2821 Trademark Notes payable Accounts receivable Equipment Interest revenue salaries payable Patent Dividends Cost of Goods Sold Accounts payable Inventory Sales revenue Cash Salaries expense Retained earnings Land Income tax expense Common stock Supplies $96,886 $42,8e0 $85,eee $17,888 $23,600 $19,888 $11,800 $46,000 $81,800 $94,800 $26,800 $31,00 $56,800 (at January 1, 2021) $10,0ee $15,eee 1. Total current assets at December 31, 2921 are equal to 45% of total assets at December 31, 2021. 2. Total equity at December 31, 2e21 is equal to 6e% of total liabilities at December 31, 2821. 3. Total intangible assets at December 31, 2021 are equal to 48% of total equity at December 31, 2e21. calculate the amount of total assets reported on Towing Company's balance sheet at December 31, 2821
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