issuance of $750,000 in stock and borrowed funds of $110,000. During the first year of operations, revenues from sales and consulting amounted to $82,000, and operating costs and expenses totaled $64,000. On December 15,200, Mirr declared a $3,000 cash dividend, payable to stockholders on January 15,201. No additional activities affected owners' equity in 200. Mirr's liabilities increased to $120,000 by December 31,200. On Mirr's December 31, 20X0, balance sheet (statement of financial position), total assets should be reported at: $878,000. $885,000