As of December 31, 2007, Stone land Corporation has assets of ($ 3,500) and stockholders' equity of

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As of December 31, 2007, Stone land Corporation has assets of \(\$ 3,500\) and stockholders' equity of \(\$ 2,000\). What are the liabilities for Stone land Corporation as of December 31, 2007?

(a) \(\$ 1,500\)

(c) \(\$ 2,500\).

(b) \(\$ 1,000\)

(d) \(\$ 2,000\)

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