The following information is available from various budgets for the current period: $43,000 Accounts Payable Schedule of cash payments for purchases Schedule of cash payments for selling and administrative expenses Cash budget Budgeted income statement Salaries Payable Notes Payable Net Income 7,000 38,000 79,000 The following balances are available from the balance sheet at the end of the previous year: Retained Earnings $11,000 What would be the amount of total liabilities on the budgeted balance sheet? A. $90,000 OB. $88,000 OC. $178,000 OD. $167,000