Best Deal Auto Parts began 2013 with $400,000 in assets, $140,000 in liabilities, and $160,000 of retained earnings. Net income for the year was $100,000, and dividends of $80,000 were paid.

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The Answer of Best Deal Auto Parts began 2013 with $400,000 in assets, $140,000 in liabilities, and $160,000 of retained earnings. Net income for the year was $100,000, and dividends of $80,000 were paid.

Best Deal Auto Parts Began 2013 with $400,000 in Assets