Watson Foods, Inc. reported the following transactions for September 2019. a) The business received $20,000 cash and issued common stock. It was credited to Common Stock. b) The business purchased office equipment for $12,000 for which $2,500 cash was paid and the balance was put on a note payable. c) Paid insurance expense of $1,600 cash. d) Paid the September utility bill for $800 cash. e) Paid $1,600 cash for September rent 1) The business had sales of $9,000 in September. Of these sales, 40% were cash sales, and the balance was credit sales. 9) The business paid $7,000 cash for office furniture. What are the total liabilities at the end of September, 2019? O A. $1,600 B. $9,000 C. $9,500 D. $12,000