The following information was extracted from the accounting records of Vogel Company:

Beginning Paid-in Capital $90,000

Beginning Retained Earnings $300,000

Beginning Assets $455,000

Contributions by Owners $0

Revenues $200,000

Expenses $155,000

At the beginning of the period, what is the total amount of liabilities?

A) $65,000

B) $100,000

C) $155,000

D) $245,000