Mirr, inc. was incorporated on january 1, 2010, with proceeds from the issuance of $750,000 in stock and borrowed funds of $110,000. during the first year of operations, revenues from sales and consulting amounted to $82,000, and operating costs and expenses totaled $64,000. on december 15, mirr declared a $3,000 cash dividend, payable to stockholders on january 15, 2011. no additional activities affected owners' equity in 2010. mirr's liabilities increased to $120,000 by december 31, 2010. on mirr's december 31, 2010, balance sheet, total assets should be reported at