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Below is some selected information from the financial statements of ManyFaces, Ltd: As of 12/31/2020 As of 12/31/2019 Total Assets $4,500,320 $3,930,560 Total Liabilities ?????
Below is some selected information from the financial statements of ManyFaces, Ltd:
| As of 12/31/2020 | As of 12/31/2019 |
Total Assets | $4,500,320 | $3,930,560 |
Total Liabilities | ????? | $2,063,990 |
During the year ended 12/31/2020, the firm reported net income of $250,313, issued $17,000 of Common Stock at par value, and declared and paid $3,000 in Dividends. What is the balance of Total Liabilities as of 12/31/2020?
Group of answer choices
$2,563,750
$2,619,500
$2,904,063
$2,369,437
$2,458,543
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