- Required information On December 1, a company reported the following balances Total Assets: $260.000 Total Liabilities $135,200 Retained Earnings: $104,000 Common Stock $20,800 During the month, the following transactions occurred: December 5: issued common stock for cash of $15,100. December 15. paid salaries for the current month of $6,000. . December 20: prepaid for insurance coverage next year of $2700 . Use the information above to answer the questions below After incorporating the effects of the three transactions in December, the ending balance of Total Liabilities (as of December 31) is Click to select) (Cla to select $111,400 5135 200 5129 200 $126,500 $132 500 B