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Golden Enterprises started the year with the following: Assets $113,000; Liabilities $39,500; Common Stock $69,500; Retained Earnings $4,000, During the year, the company earned revenue

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Golden Enterprises started the year with the following: Assets $113,000; Liabilities $39,500; Common Stock $69,500; Retained Earnings $4,000, During the year, the company earned revenue of $6,000, all of which was received in cash, and incurred expenses of $3,500, all of which were unpaid as of the end of the year, In addition, the company paid dividends of $2,000 to cwners. Assume no other activities occurred during the year. The amount of Golden's assets at the end of the year is: Multiple Choice $17,000 $121,500. $122,500. $119,000

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