The income statement for the month of June, 2014 of Camera Obscura Enterprises contains the following information:

Revenues	$7,000
Expenses:
Salaries and Wages Expense	$3,000
Rent Expense	1,500
Advertising Expense	800
Supplies Expense	300
Insurance Expense	100
Total expenses	5,700
Net income	$1,300

The entry to close Income Summary to Owners, Capital includes

a credit to Income Summary for $1,300.

a debit to Revenues for $7,000.

credits to Expenses totalling $5,700.

a credit to Owner's Capital for $1,300.

The following information is for Bright Eyes Auto Supplies:

Bright Eyes Auto Supplies
Balance Sheet
December 31, 2014
Cash	$ 40,000	Accounts Payable	$ 130,000
Prepaid Insurance	80,000	Salaries and Wages Payable	50,000
Accounts Receivable	100,000	Mortgage Payable	150,000
Inventory	140,000	Total Liabilities	330,000
Land Held for Investment	180,000
Land	250,000
Building	$200,000
Less Accumulated	Owners Capital	740,000
Depreciation	(60,000)	140,000
Trademark	140,000	Total Liabilities and
Total Assets	$1,070,000	OwnersEquity	$1070,000

The total dollar amount of liabilities to be classified as current liabilities is

$130,000.

$180,000.

$50,000.

$330,000.

The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2014:

Accounts payable	$ 18,000
Accounts receivable	11,000
Accumulated depreciation equipment	28,000
Advertising expense	21,000
Cash	15,000
Owners capital (1/1/14)	102,000
Owners drawings	14,000
Depreciation expense	12,000
Equipment	210,000
Insurance expense	3,000
Note payable, due 6/30/15	70,000
Patents	20,000
Prepaid insurance (12-month policy)	6,000
Rent expense	17,000
Salaries and wages expense	32,000
Service revenue	133,000
Supplies	4,000
Supplies expense	6,000

What is total liabilities and owners equity at December 31, 2014?

$176,000

$232,000

$190,000

$218,000