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1. The year-end financial statements of Greenway Company contained the following elements and corresponding amounts: Assets = $23,000; Liabilities = ?; Common Stock = $5,300;
1. The year-end financial statements of Greenway Company contained the following elements and corresponding amounts: Assets = $23,000; Liabilities = ?; Common Stock = $5,300; Revenue = $11,600; Dividends = $900; Beginning Retained Earnings = $3,900; Ending Retained Earnings = $7,300.
The amount of liabilities reported on the end-of-period balance sheet was
| A. | $11,200. |
| B. | $10,400. |
| C. | $13,800. |
| D. | $9,200. |
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