18. Gibson, Pty, Ltd. a retailer, reports the following information:

Accounts Payable

$600

Accounts Receivable

$5,200

Cash

$7,000

Loan Payable in 6 months

$4,400

Revenue received in advance

$12,000

Bank Loan - Mortgage

$30,000

Retained Profits

$7,800

Inventory

$10,200

Buildings

$17,600

Office Supplies

$1,600

What is the most likely amount for the company's current liabilities?

Select one:

a.

$35,000.

b.

$17,000.

c.

$600.

d.

$47,000.

e.

$5,000.