he total assets and the total liabilities of Paragon Services are shown below. During the year, no additional capital contributions were made, and the business earned net income of $50,000.

	Assets	Liabilities
Beginning of year	$395,000	$290,000
End of year	455,000	320,000

What was the amount of drawings taken during the year?

Your answer:
	$85,000
	$40,000
	$45,000
	$20,000