Required information [The following information applies to the questions displayed below.] The following transactions occurred during May, the first month of operations for Hunter Products, Inc: * Issued 56,000 shares of capital stock to the owners of the corporation in exchange for $672,000 cash. * Purchased a piece of land for $460,000, making a $180,000 cash down payment and signing a note payable for the balance. * Made a $66,000 cash payment on the note payable from the purchase of land. * Purchased equipment on credit from BBW, Inc. for $69,000. What is the total of Hunter Products' liabilities at the end of May?

Multiple Choice $283,000. $69,000. $349,000. $214,000.