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Answer :

Based on the total assets and total equity of the company, we can calculate the liabilities to be $50,000.

The Accounting equation is as follows:

Assets = Equity + Liabilities

Given the assets and the equity therefore, you can solve for liabilities:

400,000 = 350,000 + Liabilities

Solving gives:

Liabilities = 400,000 - 350,000

= $50,000

In conclusion, option i is correct.

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