Ultra Ltd has the following balances as at 31 October 2013: Cash in hand 1,000 Trade receivables 35,700 Accruals 6,300 Machinery and vehicles 59,000 800 Prepayments Trade payables 27,000 Bank overdraft 10,200 Fixtures and fittings 5,000 Term loan (repayable on 1 20,000 January 2015) Based on the above information, calculate the total liabilities and total equity Select one: a. Total liabilities = 60,700: Total equity = 28,000 b. Total liabilities = 64,300; Total equity = 45,000 c. Total liabilities = 60,000; Total equity = 48,000 d. Total liabilities = 63,500: Total equity = 38,000