Question: Ending assets total $ 1 0 0 , 0 0 0 . Ending liabilities total $ 7 0 , 0 0 0 . Beginning Retained

Ending assets total $100,000. Ending liabilities total $70,000. Beginning Retained Earnings total $18,000. Dividends paid during the year totaled $8,500. Total expenses for the period total $1,020,000. What were total sales for the period?
Select one:
a.
$20,500
b.
$70,000
c.
$1,040,500
d.
$30,000

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