7. PIumbers-on-the-Go Ltd. started the year with total assets of $120,000 and total liabilities of $75,000. During the year, the business recorded $82,000 in service revenues, $45,000 in expenses, and paid dividends of $2,500.5hareholders' equity at the end of the year was a. $79,500. b. $45,000. c. $82,000. d. $77,000