To find XYZ Company's total assets, we need to sum up the individual asset values listed in the balance sheet.
1. Cash:
- Amount: \[tex]$35,000
2. Inventory:
- Amount: \$[/tex]41,000
3. Property:
- Amount: \[tex]$124,000
Next, we'll sum these individual amounts:
\[ \text{Total Assets} = \text{Cash} + \text{Inventory} + \text{Property}\]
Substitute the given amounts:
\[ \text{Total Assets} = \$[/tex]35,000 + \[tex]$41,000 + \$[/tex]124,000\]
Adding these together:
[tex]\[ \text{Total Assets} = \$200,000\][/tex]
Therefore, XYZ Company's total assets amount to \$200,000.
