Compute TOTAL LIABILITIES for Cosmo Company.

	Debit	Credit
Accounts Payable		100
Accounts Receivable	350
Cash	150
Contributed Capital		800
Cost of Goods Sold	650
Dividends	70
Equipment	700
Inventory	1,250
Long-term Debt		1,200
Prepaid Insurance Expense	100
Unearned Rent Revenue		20
Rent Revenue		100
Retained Earnings (beginning)		250
Sales Revenue		1,000
Insurance Expense	200
TOTAL	3,470	3,470

Group of answer choices

$2,100

$1,320

$1,300

$2,120

$1,390