Use the following information to answer the given question

\(\begin{array}{c|c} & N\\ \hline \text{Motor Van} & 120,000\\ \text{Buildings} & 300,000 \\ \text{Stock of goods} & 40,000\end{array}\)

In addition, he had cash ofN60,000 out of which N20,000 was borrowed from a friend. The liabilities of the business amount to

A.

N80,000

B.

N60,000

C.

N40,000

D.

N20,000

Correct answer is B

No explanation has been provided for this answer.