At the end of the first month of operations for

SloMo Delivery Service, the business had the

following accounts: Accounts Receivable, $11,600;

Prepaid Insurance, $540; Equipment, $26,700 and

Cash, $21,900. On the same date, SloMo owed the

following creditors: Simpson Supply Company,

$17,500; Allen Office Equipment, $15,000.

The total amount of Liabilities is: