Required information [The following information applies to the questions displayed below.] Riley Company borrowed $16,000 on April 1, 2016 from the Titan Bank. The note issued by Riley carried a one year term and a 5% annual interest rate. Riley earned cash revenue of $820 in 2016 and $430 in 2017. Assume no other transactions. The amount of total liabilities that would appear on Riley's December 31 balance sheets for 2016 and 2017 would be 2016 2017 A. $16,000 $0 B. $16,600 $0 C. $16,600 $16,830 D. $600 $230