Suppose your business is organized as a sole proprietorship. Let’s also suppose that your own personal assets are $150,000, of which $50,000 is invested in the business. If the business goes bankrupt with assets of $300,000 and liabilities of

$420,000, you stand to lose

a. $420,000.

b. $270,000.

c. $120,000.

d. $100,000.

e. $50,000.