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During 2 0 1 8 Z Ltd . incurred a net loss of $ 5 0 , 0 0 0 and issued $ 1 0

During 2018Z Ltd. incurred a net loss of $50,000 and issued $10,000 of common shares. On the company's balance sheet as at December 31,2018ZLtd. showed total assets of $150,000 and a retained earnings balance of $60,000. Which of the following statements is true if total liabilities decreased by $20,000 during 2018?
(a) Total assets at the end of 2017 were $210,000.
(b) Total assets at the end of 2017 were $90,000.
(c) Total assets at the end of 2017 were $150,000.
(d) Total assets at the end of 2017 were $60,000.
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