2) The following information was extracted from the accounting records of Yamaguchi Company Paid-in Capital, December 31, 2014 $87,000 211,000 455,000 $200,000 $165,000 S605,000 $10,000 Retained Earnings, December 31, 2014 Total Assets, December 31, 2014 Revenues for year ended December 31,2015 Expenses for year ended December 31,2015 Total Assets, December 31, 2015 Additional investments by owners in 2015 At December 31, 2014, what is the total amount of liabilities? A) $45,000 B)$150,000 C) $157,000 D) $272,000 3) Under acerual basis accounting, we record revenue when A) cash is received from customers B) cash is received for any reason C) it meets the criteria for revenue recognitiorn D) a company receives cash from a customer on account