THE FOLLOWING INFORMATION IS AVAILABLE ABOUT A COMPANY

24. The following information is available about a company: Contributed capital, beginning of the year $50,000 Retained earnings, beginning of the year 225,000 Sales revenues earned during the year 450,000 Investment income earned during the year 5,000 Expenses paid during the year 402,000 Dividends paid during the year 10,000 Total assets, end of the year 800,000 Total liabilities at the end of the year are closest to: A. $472,000 B. $482,000 C. $487,000