The Following Transactions Occurred During May, the First Month of Operations

Multiple Choice

The following transactions occurred during May, the first month of operations for Hunter Products Limited:
* Issued 50,000 shares of share capital to the owners of the corporation in exchange for $600,000 cash
* Purchased a piece of land for $400,000, making a $150,000 cash down payment and signing a note payable for the balance.
* Made a $60,000 cash payment on the note payable from the purchase of land.
* Purchased equipment on credit from BBW Limited for $63,000.

-Refer to the above data. What is the total of Hunter Products' liabilities at the end of May?

A) $253,000.
B) $190,000.
C) $63,000.
D) $313,000.