Given:

Assets and Liabilities of a Local Government

Bank balance #6,484,000

Cash # 900,000

General revenue balances #9,774,500

Accrued salaries #1,220,000

Investment in shares #1,480,000

Vehicles #7,620,000

Calculate the liabilities of the local government

• A #10,994,500
• B #17,394,500
• C #18,774,500
• D #18,874,500