Total liabilities on a balance sheet at the end of the year are $150,000, retained earnings at

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Total liabilities on a balance sheet at the end of the year are $150,000, retained earnings at the end of the year are $80,000, net income for the year is $60,000, common stock is $40,000, and additional paid-in capital is $20,000. What amount of total assets would be reported on the balance sheet at the end of the year?
a. $290,000
b. $270,000
c. $205,000
d. $15,000

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