The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,703 Accounts Receivable 2,396 Prepaid Expenses 612 Equipment 13,269 Accumulated Depreciation 8,673 Accounts Payable 1,482 Notes Payable 5,965 Common Stock 1,000 Retained Earnings 1,663 Dividends 810 Fees Earned 8,351 Wages Expense 2,770 Rent Expense 837 Utilities Expense 495 Depreciation Expense 181 Miscellaneous Expense 61 Totals 28,134 28,134 Determine the total liabilities for the period.
a.$7,447
b.$3,663
c.$16,120
d.$14,307

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow