40. ABC Corporation's balance sheet on December 31, 2023, is as follows:

Item	Amount ($)
Accounts Payable	110,000
Notes Payable	90,000
Accrued Expenses	40,000
Total Current Liabilities	?
Long-term Debt	260,000
Total Liabilities	?
Common Stock	190,000
Retained Earnings	200,000
Total Equity	?
Total Liabilities & Equity	?

Requirements:

1. Calculate the Total Current Liabilities.
2. Determine the Total Liabilities.
3. Calculate the Total Equity.