The year-end financial statements of Calloway Company contained the following elements and corresponding amounts: Assets = $27,000; Liabilities = ?; Common Stock = $5,700; Revenue = $12,400; Dividends = $1,100; Beginning Retained Earnings = $4,100; Ending Retained Earnings = $7,700. The amount of liabilities reported on the end-of-period balance sheet was:

Multiple Choice 

• $21,300. 
• $19,300. 
• $13.600 
• $17,200