Table 1 The following transactions bccurred during June, the first month of operations for XYZ Company: 1. Issued 50,000 shares of common stock for $300,000 cash. 2. Purchased Equipment for $100,000 cash. 3. Collected $50,000 cash for services that will be performed in August. 4. Paid $35,000 for expenses incurred this period. 5. Declared and distributed a $2,000 cash dividend.. What is total liabilities at the end of the month of June? $50,000 O $350,000 $315,000 $37,000 Question 8