O' Hara Company began operations on December 1, 2011. Presented below is selected information related to O' Hara Company at December 31, 2011.

Office Equipment ₤ 40,000 Utilities Expense ₤ 6,000
Cash 14,000 Accounts Receivable 27,000
Service Revenue 108,000 Wages Expense 47,000
Rent Expense 13,000 Notes Payable 10,000
Accounts Payable 16,000 Dividends 15,000
Share Capital 28,000
1. At December 31, 2011, assets total
a. £54,000.
b. £70,000.
c. £81,000.
d. £97,000.

To determine the total assets at December 31, 2011, we need to add up the values of all the assets:

Cash: £14,000
Accounts Receivable: £27,000
Office Equipment: £40,000

Total Assets = Cash + Accounts Receivable + Office Equipment
Total Assets = £14,000 + £27,000 + £40,000

Total Assets = £81,000

Therefore, the correct answer is option c. £81,000.