Following are transactions of a new company during January: Issued 11,700 shares of common stock for $23,400 cash Purchased land for $13,700 by signing a note payable for the full amount Purchased office equipment for $2,900 cash Received cash of $15,700 for services provided to customers during the month Purchased $500 of office supplies on account Paid employees $11,700 for work during the current period. What is the total amount of liabilities following these six transactions? Multiple Choice $37,600 $19,100 $14,200