September 2023 At the beginning of 2014 KJ Corporation had total assets of 553 700 total liabilities of 261 800 common shares of

2024 At the beginning of 2014, KJ Corporation had total assets of $553,700, total liabilities of $261,800 Assignment Help

At the beginning of 2014 KJ Corporation had total assets of 553 700 total liabilities of 261 800 common shares of 2023

At the beginning of 2014, KJ Corporation had total assets of $553,700, total liabilities of $261,800, common shares of $139,000, and retained earnings of $152,900. During 2014, KJ had net income of $225,200, declared and paid dividends of $74,400, and issued additional common shares for $94,000. KJ’s total assets at the end of 2014 were $721,800. Required: Calculate the amount of liabilities that KJ must have at the end of 2014 in order for the statement of financial position to balance.

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