A retail pet store has $10,500 in cash and inventory worth $31,250. The store has a six-year bank loan of $40,000 and current liabilities of $360.
The office equipment for the store is worth $10,500, less $1,150 in depreciation; store fixtures are
worth $8,700, less $600 in depreciation; and a company vehicle is worth $10,500, less $1,500 in
depreciation
Accounts receivable are $1,050 and accounts payable are $9,800.
What are the store's total assets?
$16,350
$26,450
$42,800
$69.250