On December 31, 2016, the Wagner Company had the following liabilities:

Trade accounts payable	$150,000
11% note payable, maturing in equal installments of $40,000
on December 30 of each year through 2019	120,000
12% note payable, issued October 15, 2016, maturing
February 15, 2017	70,000

On December 31, Wagner signed a binding agreement with its bank to refinance the 12% note through February 14, 2019, at a variable interest rate. What is the amount of Wagner's current liabilities on December 31, 2016?

	a.	$150,000
	b.	$190,000
	c.	$230,000
	d.	$260,000