Odom Company Compiled the Following Financial Information as of December

Odom Company compiled the following financial information as of December 31, 2020: $\begin{array}{lr}\text { Revenues } & \$ 840,000 \\\text { Owner's Capital }(1 / 1 / 20) & 170,000 \\\text { Equipment } & 330,000 \\\text { Expenses } & 740,000 \\\text { Cash } & 40,000 \\\text { Owner's Drawings } & 50,000 \\\text { Supplies } & 20,000 \\\text { Sales Tax Payable } & 10,000 \\\text { Accounts payable } & 50,000 \\\text { Notes payable } & 200,000 \\\text { Accounts receivable } & 90,000\end{array}$ Odom's liabilities on December 31, 2020 are

A) $60,000.
B) $260,000.
C) $300,000. d $450,000.