View Policies Current Attempt in Progress Poppy Cleaning Ltd. began the year with total assets of $160,000 and shareholders' equity of $60,000. During the year, the company earned $80,000 in net income and paid $40,000 in dividends. Total assets at the end of the year were $220,000. Total liabilities at the end of the year were O $50,000 O $40.000 O $120,000 O $280,000