Answer:
The amount of Sunland Company’s total assets is $348,000.
Explanation:
In this question we use the accounting equation which is shown below:
Total assets = Total liabilities + Shareholder's equity
The total assets are the sum of the total liabilities and the shareholder's equity.
The liabilities and stockholder's equity is given, so the total assets equal to
= Total liabilities + Shareholder's equity
= $94,000 + $254,000
= $348,000
