X Company, a manufacturer, prepares monthly financial statements. On August 1, total equities were $118,869. The following transactions occurred during August: • Issued additional shares of stock for $104,000. • Acquired $8,000 of direct materials, $3,520 of it paid for with cash, the rest bought on open account. • A one year rental agreement was signed for $7,800 per month. Rent for the first three months was paid in advance. • Product sales were $110,000, $23,620 of which were on account; the rest were cash sales. Product costs were $71,500. • Paid wages and salaries of $10,663. • Paid $23,879 to suppliers for materials that X Company had previously purchased on account. • Collected $23,620 from customers who had previously purchased products from X Company on account. What would total equities be on August 31? [Ignore adjusting entries.]

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