Wolfe Inc
Wolfe Inc ?
-See the Account Balances for Wolfe Inc

Multiple Choice

Wolfe Inc.
Wolfe Inc.reports these account balances at January 1,2017:
?
$$\begin{array} { l r } \text { Retained Earnings } & \$ 49,000 \\\text { Accounts Receivable } & 20,000 \\\text { Accounts Payable } & 24,000 \\\text { Capital Stock } & 185,000 \\\text { Land } & 153,000 \\\text { Cash } & 13,000 \\\text { Equipment } & 20,000 \\\text { Notes Payable } & 28,000 \\\text { Buildings } & 80,000\end{array}$$ ?
-See the account balances for Wolfe Inc. ?
On January 31,Wolfe collected $12,000 of its accounts receivable and paid $11,000 on its note payable.On January 31,2017,the total liabilities are

A) $0.
B) $56,000.
C) $41,000.
D) $30,000.