Backus Company had the following account balances for the year ended December 31, 2019 Accounts Payable Accounts Receivable $ 160,000 Income Taxes Payable 130,000 $ 45.000 Accumulated Depreciation Income Taxes Expense 285,000 90,000 Cash Interest Expense 220,000 5.000 Inventories Common Shares 180,000 160,000 Loan Payable, due December 31, 2024 120,000 Cost of Goods Sold 360,000 Prepaid Expense 50,000 Retained Earnings, at January 1, Deferred Revenue 50,000 2019 270,000 Depreciation Expense 70,000 Salaries Expense 390,000 35,000 Sales Revenue 030,000 Dividend 20,000 Equipment 580,000 Utility Expense Assuming that the Net Income of year 2019 was $215,000, what is the amount of Retained Earnings at December 31, 2019? $450,000. $485,000. $235,000. $180,000.Listen Backus Company had the following account balances for the year ended December 31, 2019: Accounts Payable $ 160,000 Accounts Receivable Income Taxes Payable 130,000 $ 45.000 Accumulated Depreciation Income Taxes Expense 285,000 40.00 Cash Interest Expense 220,000 5,000 Common Shares Inventories 180.900 160,000 Loan Payable, due December 31, 2024 120,000 Cost of Goods Sold 360,000 Prepaid Expense 30,000 Retained Earnings, at Jamary 1, Deferred Revenue 50,000 2019 270,000 Depreciation Expense 70,000 Salaries Expense 390,000 Dividend 35,000 Sales Revenue 1,08 -20,000 Equipment 580,000 Utility Expense What is the amount of Total Current Assets at December 31, 2019? $560,000. $610,000 $580,000 $530,000. Pa Nort Page pook Air