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The following accounts are taken from the December 31, Year 4 financial statements of a company. Accounts Payable $2,075 Accounts Receivable 800 Selling & Administrative

The following accounts are taken from the December 31, Year 4 financial statements of a company. Accounts Payable $2,075 Accounts Receivable 800 Selling & Administrative Expenses 2,500 Cash 2,200 Common Stock 2,000 Dividends 1,900 Income Tax Expense 400 Interest Expense 75 Other Expenses 500 Notes Payable 5,000 Other Assets

Use the information above to answer the following question. What is the amount of total liabilities at the end of Year 4?

a) $10,075

b)

$12,975.

c)

$7,075.

d)

$9,075.

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