The accounts in the ledger of Monroe Entertainment Co. follow. All accounts have normal balances.

Line Item Description	Amount
Accounts Payable	$1,500
Accounts Receivable	1,800
Supplies	500
Prepaid Insurance	2,000
Cash	3,200
Office Equipment	1,800
Dividends	1,200
Unearned Rent	1,600
Fees Earned	8,600
Insurance Expense	1,300
Rent Expense	1,500
Land	8,000
Wages Expense	1,400
Retained Earnings	5,500
Common Stock	9,200

Total liabilities are

a. $1,500

b. $3,100

c. $14,300

d. $7,300