As of December 31, 2004, Stoneland Corpora- tion has assets of $3,500 and stockholders' equity of $2,000.

Question:

As of December 31, 2004, Stoneland Corpora- tion has assets of $3,500 and stockholders' equity of $2,000. What are the liabilities for Stoneland Corporation as of December 31, 2004?

(a) $1,500.

(c) $2,500.

(b) $1,000.

(d) $2,000.

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