Sonny and Cher Have a Net Worth of $35,000 and Total

Multiple Choice

Sonny and Cher have a net worth of $35,000 and total assets of $200,000. If they have credit card purchases of $1,200 and unpaid bills of $1,000, what will their long-term liabilities be?

A) $115,000
B) $140,000
C) $142,200
D) $162,800
E) $165,000