The incompletetrial balanceof ABC, Inc. reports the following assets and liabilities. Compute the total Liabilitiesthat would appear in the corporation's basic accounting equation (Assets = Liabilities + Owners' Equity

Cash...............................$55,000

Accounts Payable...............25,000

Office Supplies................... 1, 500

Owners equity .......................47,000

Accounts Receivable.............10,000

Select one:

a. 19,500

b. 18,500

c. 25,500

d. 24,500