Remy Spice Wholesalers provided the following information as at 28 February 2014

	$
Machinery	187,500
Cash	22,500
Capital as at 1 February 2014	263,100
Delivery trucks	96,750
Buildings under mortgage	288,000
Accounts receivable	67,500
Accounts payable	51,450
Inventory	33,000
Equipment	51,000
Long-term loan	79,200
Short-term investments	91,500
Bank overdraft	62,550
Mortgage	220,500
Profit for month of February 2014	271,350

if the Statement of Financial Position was prepared on 28 February 2013, it would report liabilities totalling:

Choose one answer.

a.

$391,200.

b.

$413,700.

c.

$299,700.

d.

$114,000.

e.

$701,700.