Eureka Company issued $170,000 in bonds payable on January 1, 2016. The bonds were issued at face value and carried 4-year term to maturity. They had a 5% stated rate of interest that was payable in cash on January 1st of each year beginning January 1, 2017. Based on this information, the amount of total liabilities appearing on the December 31, 2016 balance sheet would be:

A. $178,500.

B. $169,150.

C. $170,000.

D. $8,500.