Leggs Company reports total assets and total shareholders' equity of $710,000 and $550,000, respectively, at the end of its first year of business. Leggs reported earnings of $200,000 and declared and paid dividends of $80,000 during its first year. Also, during the year, Leggs issued additional shares of stock for $90,000. What are Leggs' liabilities at year-end and contributed capital at the beginning of the year, respectively?

A. $160,000; $210,000

B. $160,000; $230,000

C. $270,000; $210,000

D. $270,000; $230,000

E. $320,000; $330,000