Urgent! Please answer the question. Don't use excel and explain the answer!

1. Received $81,000 from a group of investors. 2. Bought $8,355 of merchandise, $3,152 for cash and $5,203 on account. 3. Sold merchandise for $22,200, of which $17,388 was for cash and $4,812 was on account; Cost of Goods Soid was 52% of sales. 4. Paid $3,397 to suppliers for merchandise previously bought on account. 5. Paid wages of $5,680. 6. Collected $2,866 from customers on account. 7. Paid $5,600 for rent in advance. 4. What were total liabilities on June 30 ? \begin{tabular}{l|l|l|} \hline A: $768 & B: $1,021 & C: $1,358 \\ \hline \end{tabular} Tries 0/99