LPR is a company that commenced business on 1 January 2016. Below are the balances in the 30 June 2016 financial statements. Cash Share capital Accounts receivable 1 000 6 000 3 000 Accounts payable2 000 7 000 10000 2 000 Loan owed Land Inventory Cost of goods sold Wages expense Sales 1 500 2 500 5 000 What is the balance of liabilities? Select one: O a. $7000 O b. $9000 O c. $15000 O d. none of the above