A company was formed with $61,600 cash contributed by its owners in exchange for common stock. The company borrowed $31,600 from a bank. The company purchased $11,600 of inventory and paid cash for it. The company also purchased $71,600 of equipment by paying $10,000 in cash and issuing a note for the remainder What is the amount of the total liabilities to be reported on the balance sheet? Multiple Choice O $81,600 O $99,200 O 564600 O $0