1. On the first day of each month beginning January 1, 2015, Regency receives from Publix Inc. an escrow payment of $2,500 for their share of 2015 real estate tax expense. Regency records the $2,500 in a revenue account monthly. Publix's share of 2015 real estate tax expense is $28,000. On December 31, 2015, what amount should Regency show as an escrow liability to Publix?

a	$2,500
b	$30,000
c	$2,000
d	$28,000