At the end of Year 1. Turner Company had total assets of $140,000. During Year 1. Turner Company earned revenues of $60,000. As of December 31, Year 1, contributed capital was $10,000, and retained earnings was $80,000 What is the dollar amount of liabilities? a $230,000 b. $170,000 C. $110,000 At the end of Year 1. Turner Company had total assets of $140,000. During Year 1. Turner Company earned revenues of $60,000. As of December 31, Year 1, contributed capital was $10,000, and retained earnings was $80,000 What is the dollar amount of liabilities? a $230,000 b. $170,000 C. $110,000