Taylor Has the Following Assets and Liabilities What Is the Value of Taylor's Assets?
A)$308,000
B)$416,000
C)$419,000

Taylor has the following assets and liabilities: $$\begin{array} { l l r } \text { Two cars } & \$ 15,000 \\\text { House } & \$ 400,000 \\\text { Mortgage } & \$ 300,000 \\\text { Cash } & \$ 1,000 \\\text { Car loans } & \$ 5,000 \\\text { Checking account balance } & \$ 3,000 \\\text { Credit card balance } & \$ 3,000\end{array}$$
What is the value of Taylor's assets?

A) $308,000
B) $416,000
C) $419,000
D) $422,000