Wetzel Company has the following accounts and balances at the end of the fiscal year:
Longminus−Term
Notes Payable
$155,000
Accounts Receivable
$30,000
Accounts Payable
$42,000
Building
$55,000
Cash and Cash Equivalents
$74,000
Salaries Expense
$20,500
Common Stock
$ 24 comma 000$24,000
Interest Payable
$1,500
Land
$44,000
Shortminus−term
Investments
$30,000
Income Taxes Payable
$13,000
Equipment
$59,500
Supplies
$29,000
Service Revenue
$99,000
Supplies Expense
$38,000
Utilities Expense
$28,500
Income Tax Expense
$ 20 comma 000$20,000
What is the total amount of liabilities at the end of theyear?
A.
$220,000
B.
$211,500
C.
$106,500
D.
$56,500
