Goedert Car Repair Shop started the year with total assets of 60,000 and total liabilities of 40.000. During the year the business recorded 100,000 in car repair revenues, 55,000 in expenses, and dividends of 10,000. Goedert Car Repair Shop started the year with total assets of 60,000 and total liabilities of 40.000. During the year the business recorded 100,000 in car repair revenues, 55,000 in expenses, and dividends of 10,000