PURRFECT PETS, INC. Balance Sheet at June 30, Year 1 Liabilities Accounts Payable Notes Payable due June 30, Year 3 Total Liabilities $ 733,000 $ 348,800 268,900 Assets Cash Accounts Receivable Supplies Equipment Other Assets 419,600 617,700 58,440 118,900 69,440 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 661,700 119,980 781,680 $ 1,399,380 Total Assets 1,399,380 How much financing did the stockholders of Purrfect Pets, Inc., directly contribute to the company? Multiple Choice $119,980 O $1,399,380 How much financing did the stockholders of Purrfect Pets, Inc., directly contribute to the company? Multiple Choice $119.980 $1,399,380 O $781,680 $661,700