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Golden Enterprises started the year with the following: Assets $131,000, Liabilities $44,000; Common Stock $74,000; Retained Earnings $13,000 During the year, the company earned revenue

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Golden Enterprises started the year with the following: Assets $131,000, Liabilities $44,000; Common Stock $74,000; Retained Earnings $13,000 During the year, the company earned revenue of $6,900, all of which was received in cash, and incurred expenses of 53,950, 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 assets at the end of the year is: Multiple Choice $135.000 5140 850 $137.000 5141850

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