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Given the following information from TCH Corporation: Net income for the year ended December 3 1 , 2 0 X 3 = $ 2 0

Given the following information from TCH Corporation:
Net income for the year ended December 31,20X3=$20,000
Dividends for the year ended December 31,203=$7,000
Capital contributions made during the year ended December 31,203=$0
Determine the amount of liabilities at December 31,203.
$9,000
$36,000
$29,000
$42,000
$13,000
$10,000
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