Volta Electronics Inc. reported the following items on its December 31, 2014, trial balance:

Accounts Payable ....................................   $108,900

Advances to Employees ...............................   4,500

Unearned Rent Revenue ...............................   28,800

Estimated Liability Under Warranties ................   25,800

Cash Surrender Value of Officers’ Life Insurance ....    7,500

Bonds Payable .......................................   555,000

Discount on Bonds Payable ...........................    22,500

Trademarks ..........................................   3,900

The amount that should be recorded on Volta’s balance sheet as total liabilities is

    a.   $696,000.   

    b.   $741,000.   

    c.   $703,500.   

    d.   $700,500.