Use the Information Given Below to Answer the Following Questions

Multiple Choice

Use the information given below to answer the following questions:
LPR is a company that commenced business on 1 January 2012. Below are the balances in the 30 June 2012 financial statements.
$$\begin{array} { l r } &\$\\\text { Cash } & 2000 \\\text { Share capital } & 12000 \\\text { Accounts receivable } & 6000 \\\text { Accounts payable } & 4000 \\\text { Loan payable } & 14000 \\\text { Land } & 20000 \\\text { Inventory } & 4000 \\\text { Cost of goods sold } & 3000 \\\text { Wages expense } & 5000 \\\text { Sales } & 10000\end{array}$$

-What is the balance of liabilities?

A) $18 000
B) $30 000
C) $20 000
D) $21 000.