Michelle Boisclair Company Compiled the Following Financial Information as of December

Michelle Boisclair Company compiled the following financial information as of December 31, 2020: $\begin{array}{lr}\text { Revenues } & \$ 440,000 \\\text { Owner's Capital }(1 / 1 / 20) & 140,000 \\\text { Equipment } & 180,000 \\\text { Expenses } & 340,000 \\\text { Cash } & 100,000\\\text { Owner's Drawings } & 20,000 \\\text { Supplies } & 20,000 \\\text { Accounts payable } & 60,000 \\\text { Notes payable } & 100,000 \\\text { Accounts receivable } & 80,000\end{array}$ Michelle Boisclair's liabilities on December 31, 2020 are

A) $160,000.
B) $260,000.
C) $360,000. d $480,000.