: (Assume all La Paz Company engeged in the following transactions during 2012, its first year in operation transactions are cash transactions) 1. Acquired $3,100 cash from issuing common stock 2. Borrowed $2,250 from a bank. 3. Earned $3,150 of revenues. 4. Incurred $2,410 in expenses. 5. Paid dividends of $410. La Paz Company engeged in the folowing transactions during 2013 1. Acquired an additional $550 cash from the issue of common stock. 2. Repaid $1,335 of its debt to the bank. 3. Earned revenues, $4,550. 4. Incurred expenses of $2,770. 5. Paid dividends of $700 The amount of liabilities on La Paz's 2013 balance sheet was O ($1,335). O $290 O $915. O $550