The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.

Accounts payable	$1,500		Fees earned	$8,600
Accounts receivable	1,800		Insurance expense	1,300
Supplies	500		Rent expense	1,500
Prepaid insurance	2,000		Land	8,000
Cash	3,200		Wages expense	1,400
Office equipment	1,800		Retained earnings	5,500
Dividends	1,200		Common stock	9,200
Unearned rent	1,600

Total liabilities are

a. $1,500

b. $14,300

c. $3,100

d. $7,300