The Following Information Was Extracted from the Accounting Records of Poe's

Multiple Choice

The following information was extracted from the accounting records of Poe's Company: $\begin{array}{ll}\text { Beginning Paid-In Capital } & \$ 87,000 \\\text { Beginning Retained Earnings } & \$ 21,000 \\\text { Beginning As sets } & \$ 455,000\end{array}$ During the period assets increased by $150,000, revenues were $200,000, and expenses were $165,000. No additional investments were made by the owners. The amount of Poe Company's liabilities at the end of the period is:

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