Total liabilities on a balance sheet at the end of the year are $150,000. retained earnings at the end of the year is $80.000. net income for the ear is $60.000. and contributed capital is $35.000. What amount of total assets would be reported on the balance sheet at the end of the year?
a. $290.000
b. $265,000
c. $205.000
d. $15,000
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