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Question(s) / Instruction(s):

Beta Corporation purchased $70,000 worth of land by paying 7,000 cash and signing a $63,000 mortgage. Prior to this transaction the corporation had assets, liabilities and owners\' equity in the amounts of $136,000; $36,000; and $100,000 respectively. What is the total amount of Beta Corporation\'s assets after this transaction has been recorded?

a)            $199,000

b)            $206,000

c)            $129,000

d)            $263,000

e)            $136,000

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