000 $7,200 8,400 3,400 500 The account balances for a company are listed below. All balances are as of December 31, 2021, except where noted otherwise. Accounts Payable Accounts Receivable Wages Payable Prepaid Expenses Rent Expense Equipment Furniture $3,000 74,500 16,600 Notes Payable (due 40,900 12/31/23) Dividends 2,000 Accumulated Depreciation 8,000 Sales Revenue 99,850 Cash 14,000 Notes Payable (due 4/30/22) 1,000 Common Stock 20,000 Cost of Goods Sold 48,800 Goodwill 10,000 Loss on Sale of Equipment 5,500 Retained Earnings (1/1/21) 16,150 Inventory 9,500 Marketable Equity Securities 300 Advertising Expense 2,500 Depreciation Expense 1,100 Insurance Expense 2,000 Unearned Revenue 2,200 Determine Total Liabilities as of December 31, 2021: $71,100 $54,700 $52,500 $64,700 $55,200