IBM Corporation has been in the business since 2020. The following information concerning financial activities during 2022 is available at December 31, 2022: Service Revenue Accounts Receivable $174,000 Cash $35,000 25,000 Advertising Expense 5,000 Land 58,000 Common Stock 66,000 Accounts Payable 20,000 Retained Earnings, 1/1/22 16,000 Salary Expense ??? Utilities Expense 13,000 Building 62,000 Rent Expense 28,000 Note Payable ??? Supplies 1,000 Dividends 10,000 Insurance Expense 12,000 Retained Earnings, 12/31/22 52,000 Balance of the Note Payable account as of December 31, 2022: Select one: O a. $121,200 O b. $63,000 O c. $181,000 O d. $43,000 O e. $118,000