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Assume on December 1, 2017, a company borrows funds to purchase equipment. The company will make the following principal payments: 2018, $5,200 2019, $3,400 2020,

Assume on December 1, 2017, a company borrows funds to purchase equipment. The company will make the following principal payments:

2018, $5,200

2019, $3,400

2020, $2,207

2021, $1,434

On December 31, 2018, the total liabilities will be $______

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