Applying the Fundamental Accounting Equation: On Janvary 1, Huffer Corporation had total assets of $236,700, total liabilities of $84,200, common stock of $89,900, and retained earnings of $62,600, During the yesr, Huffer had net inceme of $42,750, declared and paid dividends of $11,900, and issued additional common stock for $12,600. Huffer's total assets on December 31 were $236,700. Required: Cakulate the amount of liabilites that Huffer must have on December 31 in order for the balance sheet equation to balance. rowany wos Start with stockholders' equity st the beginhing of the period. Use the retained earnings statement relationships to compute the change during the year and determine stockholders equity at the end of the period. Use the fundemental accounting equstion to solve for the amount of liabilities at the end of the period