11) Gayle Company a division of Charis Realty Inc., maintains escrow account and pays real estate taxes for Charis mortgage customers. Escrow funds are kept in interest-bearing accounts. Interest, less a 10% service fee, is credited to the mortgagee's account and used to reduce future escrow payments. Additional information follows: Escrow accounts liability, January 1, 2019 Escrow payments received during 2019 Real estate taxes paid during 2019 Interest on escrow funds during 2019 P 700,000 1,580,000 1,720,000 50,000 What amount should Gayle report as escrow accounts liability in its December 31, 2019 balance sheet? C. 515,000 D. 510,000 A. 610,000 B. 605,000