The Following Information Was Extracted from the Accounting Records of Plum

Multiple Choice

The following information was extracted from the accounting records of Plum Company: $$\begin{array} { l r } \text { Beginning Paid-In Capital } & \$ 87,000 \\\text { Beginning Retained Earnings } & \$ 211,000 \\\text { Beginning Assets } & \$ 455,000\end{array}$$ During the period assets increased by $150,000, revenues were $200,000, and expenses were $165,000.The owners made no additional investments. The amount of Plum Company's liabilities at the end of the period is _____.

A) $157,000
B) $272,000
C) $150,000
D) $ 45,000