Today, you short sold 300 shares of Wynot stock at $40 a share. The initial margin is 70 percent and the maintenance margin is 30 percent. Which one of the following is correct concerning your account balance sheet for this transaction?

Select one:

a. Your initial margin deposit is $3,600.

b. You have a liability from the short position of $3,600.

c. Your total assets are $20,400.

d. Your account equity is $12,000.

e. You have an asset of $8,400 from the sale proceeds.