The total assets and the total liabilities of Paragon Services are shown below. During the year, no additional capital contributions were made, and the business earned net income of $50,000. Assets Liabilities Beginning of year $395,000 $290,000 End of year 455,000 320,000 What was the amount of drawings taken during the year? Your answer: $85,000 O $40,000 O $45,000 O $20,000 Clear