15) The following information ($ in millions) comes from a recent annual report of Orinoco.com, Incorporated:

Net sales$ 10,861Total assets4,411End of year balance in cash1,143Total stockholders' equity457Gross profit (Sales Cost of Sales)2,630Net increase in cash for the year29Operating expenses2,055Net operating cash flow628Other income (expense), net(12)

Compute Orinoco's total liabilities at the end of the year.

16)

Tri Fecta, a partnership, had revenues of $369,000 in its first year of operations. The partnership has not collected on $45,900 of its sales and still owes $38,400 on $170,000 of merchandise it purchased. There was no inventory on hand at the end of the year. The partnership paid $33,400 in salaries. The partners invested $49,000 in the business and $21,000 was borrowed on a five-year note. The partnership paid $2,100 in interest that was the amount owed for the year and paid $8,700 for a two-year insurance policy on the first day of business.

Compute net income for the first year for Tri Fecta.