The closing balance of Jubilee Traders Inc.’s trial balance is as follows: Items Amount ($) Inventory 19,000 Bonds Payable 14,500 Patents 220,000 Land 80,000 Loan Payable 26,500 Cash 7,000 Equipment 150,000 Goodwill 105,000 Notes Payable 10,000 Wages Payable 14,000 Common Stock 85,000 Accounts Receivable 13,500 What is the total of the liabilities of the company? A. $25,500 B. $36,500 C. $38,500 D. $65,000 E. $28,500