Balance Sheet Equation: Assets = Liabilities + Capital

Steps:

• Calculate total liabilities: current liabilities $4800 + non-current liabilities$0 = $4800.
• Compute total assets: total liabilities + capital $24000 =$4800 + $24000 =$28800.
• Determine current assets: total assets - non-current assets $16000 =$28800 - $16000 =$12800.

Why C is correct:

• $12800 balances the equation, equaling total assets of$28800 matching liabilities plus capital per accounting principles.

Why the others are wrong:

• A. $8300 yields total assets$24300, not equaling $28800.
• B. $11600 yields total assets$27600, not equaling $28800.

Final answer: C