To calculate XYZ Company's total assets, we need to sum the individual amounts listed in the assets section of the balance sheet. Here are the values we need to consider:
1. Cash: \[tex]$15,000
2. Inventory: \$[/tex]41,000
3. Property: \[tex]$114,000
Now, let's perform the addition step by step:
1. Start with the cash amount:
\[
15,000
\]
2. Add the inventory amount to the cash amount:
\[
15,000 + 41,000 = 56,000
\]
3. Finally, add the property amount to the sum obtained from the first two steps:
\[
56,000 + 114,000 = 170,000
\]
Thus, the total assets of XYZ Company are \$[/tex]170,000.