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Mirah Company Compiled the Following Financial Information as of December

question 39

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Mirah Company compiled the following financial information as of December 31 2016:  Revenues $340,000 Owner’s Capital (1/1/16)  140,000 Equipment 80,000 Expenses 240,000 Cash 90,000 Owner’s Drawings 20,000 Supplies 20,000 Accounts payable 40,000 Accounts receivable 70,000\begin{array} { l r } \text { Revenues } & \$ 340,000 \\\text { Owner's Capital (1/1/16) } & 140,000 \\\text { Equipment } & 80,000 \\\text { Expenses } & 240,000 \\\text { Cash } & 90,000 \\\text { Owner's Drawings } & 20,000 \\\text { Supplies } & 20,000 \\\text { Accounts payable } & 40,000 \\\text { Accounts receivable } & 70,000\end{array} Mirah's assets on December 31 2016 are


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