Golden Enterprises started the year with the following: Assets $131,000 : Llabilities $44,000; Common Stock $74,000; Retained Earnings $13,000. During the year, the company earned revenue of $6,900, all of which was recelved in cash, and incurred expenses of $3,950, all of which were unpaid as of the end of the year. In addition, the company paid dividends of $2,900 to owners. Assume no other activities occurred during the year. The amount of Golden's liabilities at the end of the year is: Multiple Choice $41,050 544,000 . $46,950. $47,950