Below Is Accounting Information for Cascade Company for 2013, Its

Below is accounting information for Cascade Company for 2013, its first year of business
$\begin{array}{|l|r|}\hline \text { Revenue } & \$ 416,000 \\\hline \text { Cash } & \$ 120,000 \\\hline \text { Common stock } & \$ 200,000 \\\hline \text { Expenses } & \$ 300,000 \\\hline \text { Equipment } & \$ 240,000 \\\hline \text { Accounts receivable } & \$ 35,000 \\\hline \text { Notes payable } & \$ 50,000 \\\hline \text { Notes receivable } & \$ 62,000 \\\hline\end{array}$ What was total equity at year end?

A) $320,000
B) $296,000
C) $316,000
D) $457,000
E) $116,000