Question 7 1 pts Given the following information: 12/31/X2 12/31/X3 Assets $27,000 $35,000 Liabilities $14,000 $? Owners Equity $? $? Net Income for the year ended 12/31/X3 - $8,000 Dividends for the year ended 12/31/X3 - $2,000 Capital Contributions made during the year ended 12/31/X3 - $0 Determine the amount of liabilities at 12/31/X3: O $22,000 O $16,000 O $14,000 O $12,000 O None of the above