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PURRFECT PETS, INC. Balance Sheet at June 30, Year 1 Assets Liabilities Cash $732,600 Accounts Payable $349,200 Accounts Receivable 419,200 Notes Payable due June 30,

PURRFECT PETS, INC. Balance Sheet at June 30, Year 1
Assets Liabilities
Cash $732,600 Accounts Payable $349,200
Accounts Receivable 419,200 Notes Payable due June 30, Year 3 268,900
Supplies 58,400 Total Liabilities 618,100
Equipment 118,500
Other Assets 69,400 Stockholders' Equity
Common Stock 662,100
Retained Earnings 117,900
Total Stockholders' Equity 780,000
Total Assets $1,398,100 Total Liabilities & Stockholders Equity $1,398,100

Use the information above to answer the following question. How much financing did the stockholders of Purrfect Pets, Inc., directly contribute to the company?

A.)$117,900.

B.)$662,100.

C.)$780,000.

D.)$1,398,100.

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