The Following Financial Information Is from Cook Company: What Is

The following financial information is from Cook Company: What is the amount of long-term assets assuming the accounts above reflect normal activity?
$$\begin{array} { | l | r | } \hline \text { Accounts Payable } & \$ 55,000 \\\hline \text { Land } & \$ 90,000 \\\hline \text { Inventory } & \$ 10,500 \\\hline \text { Accounts Receivable } & \$ 7,500 \\\hline \text { Equipment } & \$ 8,000 \\\hline \text { Deferred Revenue } & \$ 58,500 \\\hline \text { Short-term Investments } & \$ 20,000 \\\hline \text { Notes Receivable (due in 8 months) } & \$ 45,500 \\\hline \text { Interest P ayable } & \$ 2,000 \\\hline \text { Patents } & \$ 75,000 \\\hline\end{array}$$

A) $342,500.
B) $173,000.
C) $273,500.