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Indirect Oil Co. reports these account balances at December 31, 2014 On January 2, 2015, Indirect Oil collected $25,000 of its accounts receivable and paid

Indirect Oil Co. reports these account balances at December 31, 2014 On January 2, 2015, Indirect Oil collected $25,000 of its accounts receivable and paid $20,000 of its accounts payable. OnJanuary 3, 2015, total liabilities are: $185,000. $165,000. $150,000. $70,000.

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