Use your knowledge of balance sheets, what are the total liabilities and retained earnings in the text below, respectively? ASSETS LIABILITIES . Cash $ 50,000 Accounts payable $ 12,000 Accounts receivable 80,000 Notes payable 50,000 Inventory 100,000 Total current liabilities $ Total current assets $ Long-term debt 218,000 Gross P&E 730,000 Total liabilities $ Less accumulated Common stock 100,000 depreciation 130,000 Paid-in capital 250,000 Net P&E $600,000 Retained earnings Total assets $ Total stockholders’ equity $ 550,000 Total liabilities and equity $ a. 230,000; 280,000 b. 280,000; 200,000 c. 62,000; 200,000 d. 280,000; 230,000