Sawaddee Enterprises Began the Year with Total Assets of $450,000

Multiple Choice

Sawaddee Enterprises began the year with total assets of $450,000 and total liabilities of $230,000.If Sawaddee's total assets doubled to $1,000,000 and its owners' equity remained the same during the year, what was the amount of its total liabilities at the end of the year?

A) $220,000
B) $680,000
C) $780,000
D) $900,000