Question $4(2\mathrm{.}5$ points$)$

Following are transactions of a new company during January:

Issued $10,000$ shares of common stock for $$15,000$ cash

Purchased land for $$12,000$ by signing ate payable for the full amount

Purchased office equipment for $$1,200$ cash

Received cash of $$14,000$ for services provided to customers during the month

Purchased $$300$ of office supplies on account

Paid employees $$10,000$ for work during the current period.

What is the total amount of liabilities following these six transactions?

$$12,300$

$$27,300$

$$22,600$

$$15,500$