Last week, Eric borrowed $62.90 from his parents. This week, Eric’s brother, John, borrowed $55.50 from their parents.

Eric’s and John’s parents compare the absolute value of the boys’ debts. Which is a correct comparison of the simplified values, and the correct interpretation of what is shown by the comparison?

A
|–62.90| >|–55.50|; Eric owes more money to his parents than John does.

B
|–62.90| <|–55.50|; Eric owes more money to his parents than John does.

C
|–62.90| >|–55.50|; John owes more money to his parents than Eric does.

D
|–62.90| <|–55.50|; John owes more money to his parents than Eric does.