# Use the following information in the adjusted trial balance for Stockton Company to answer the followingquestions.Stóckton CompanyAdjusted Trial BalanceFor the Year ended December 31, 20XX\$ 6,030Cash2,100Accounts Receivable700Prepaid ExpensesEquipmentAccumulated DepreciationAccounts PayableNotes PayableBob Steely, CapitalBob Steely, WithdrawalsFees EarnedWages ExpenseRent ExpenseUtilities ExpenseDepreciation ExpenseMiscellaneous Expense13,700\$ 1,1001,9004,20012,9407908,7502,5001,96077525085\$28,890Totals\$28,890 Determine total assets.O a. \$23,630O b. \$15,330O c. \$21,430O d. \$22,530

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Step 1

Formula to calculateTotal assets:

Total assets = Current assets + Non-current assets

Step 2

Calculate total assets...

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