The Following Information Was Extracted from the Accounting Records of Vogel

Multiple Choice

The following information was extracted from the accounting records of Vogel Company:
$$\begin{array} { l l } \text { beginning Paid-in Capital } & \$ 90,000 \\\text {beginning Retained Earnings } & \$ 300,000 \\\text { beginning Assets } & \$ 455,006 \\\text { Contributicns by owners } & \$ 0 \\\text { Revenues } & \$ 200,000 \\\text { Expenses } & \$ 155,000\end{array}$$
At the beginning of the period,what is the total amount of liabilities?

A) $65,000
B) $100,000
C) $155,000
D) $245,000