At the end of the first month of operations for SloMo Delivery Service, the business had the following accounts: Accounts Receivable, $12,200; Prepaid Insurance, $440; Equipment, $27,900 and Cash, $22,500. On the same date, SloMo owed the following creditors: Simpson Supply Company, $18,700; Allen Office Equipment, $16,200. The total amount of Liabilities is: Multiple Choice $34,900 $22,500 $16,200 $27,900