2 g final balances after the first year of operations assets

2 g final balances after the first year of operations: assets, $35,800; stockholders\' equity, $1 4,300; dividends, $3,700; and net income, $9,700. What is the amount of Emmit\'s liabilities? O $21.500 O $25.900 O $35,800 O $8.100 8 md

Solution

Total assets=Total liabilities+Total equity

Hence

Total liabilities=(35800-14300)

which is equal to

=$21500.