Backus Company had the following account balances for the year ended December 31, 2019: Income Taxes Payable Income Taxes Expense Interest Expense Inventories Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Shares Cost of Goods Sold $ 160,000 130,000 285,000 220,000 160,000 O $375,000. O $405,000. $355.000. Prepaid Expense Retained Earnings, at January 1, Deferred Revenue 2019 Depreciation Expense Salaries Expense Dividend 35,000 Sales Revenue Equipment 580,000 Utility Expense What is the amount of Total Liabilities at December 31, 2019? 360,000 Loan Payable, due December 31, 2024 50,000 70,000 $ 45,000 90,000 5,000 180,000 120,000 30,000 270,000 390,000 1,080,000 20,000
Backu: Company had the following acoount hel What is the amount of Total Liabilities at December 31, 2019? $375,000. $405,000 $355000 
