Wetzel company has the following accounts and balances at the end of the fiscal year:

longminus−term

notes payable
$155,000

accounts receivable

$30,000

accounts payable

$$42,000

building

$55,000

cash and cash equivalents

$74,000

salaries expense

$20,500

common stock

$ 24 comma 000$24,000

interest payable

$1,500

land

$44,000

shortminus−term

investments
$30,000

income taxes payable

$13,000

equipment

$59,500

supplies

$29,000

service revenue

$99,000

supplies expense

$38,000

utilities expense

$28,500

income tax expense

$ 20 comma 000$20,000

what is the total amount of liabilities at the end of theyear?

a.

$220,000

b.

$211,500

c.

$106,500

d.

$56,500