Taylor Has the Following Assets and Liabilities What Is the Value of Taylor's Liabilities?
A) $300,000
B)

Taylor has the following assets and liabilities: $$\begin{array} { l l r } \text { Two cars } & \$ 15,000 \\\text { House } & \$ 400,000 \\\text { Mortgage } & \$ 300,000 \\\text { Cash } & \$ 1,000 \\\text { Car loans } & \$ 5,000 \\\text { Checking account balance } \$ & 3,000 \\\text { Credit card balance } & \$ 3,000\end{array}$$ What is the value of Taylor's liabilities?

A) $300,000
B) $303,000
C) $308,000
D) $311,000