During its first year of operations, a company entered into the following transactions: Borrowed $5,140 from the bank by signing a promissory note. Issued stock to owners for $11,400. Purchased $1,140 of supplies on account. Paid $540 to suppliers as payment on account for the supplies purchased. What is the amount of total liabilities at the end of the year? Multiple Choice $6,280 o o $5,740