The Following Table Contains Financial Information for Trumpter's Inc What Is the Amount of Trumpter's Total Liabilities?
A)$5,000
B)$78,500

The following table contains financial information for Trumpter's Inc.before closing entries:
$$\begin{array} { | l | r | } \hline \text { Cash } & \$ 12,000 \\\hline \text { Supplies } & 4,500 \\\hline \text { Prepaid Rent } & 2,000 \\\hline \text { Salaries Expense } & 4,500 \\\hline \text { Equipment } & 65,000 \\\hline \text { Service Revenue } & 30,000 \\\hline \text { Miscellaneous Expense } & 20,000 \\\hline \text { Dividends } & 3,000 \\\hline \text { Accounts Payable } & 5,000 \\\hline \text { Common Stock } & 68,000 \\\hline \text { Retained Earnings } & 8,000 \\\hline\end{array}$$
What is the amount of Trumpter's total liabilities?

A) $5,000
B) $78,500
C) $68,500
D) $83,500