Balance sheet data for Meteor Energy as of 12/31/19 is as follows for Lease P:

Leasehold costs	$500,000
Less: Accumulated DD&A	($170,000)
Net leasehold costs	$330,000
Wells and related E&F—IDC	$2,600,000
Less: Accumulated DD&A—IDC	($1,050,000)
Net wells and related E&F—IDC	$1,550,000
Wells and related E&F—L&WE	$1,450,000
Less: Accumulated DD&A—L&WE	($200,000)
Net wells and related E&F—L&WE	$1,250,000

Meteor’s activities during 2020 related to Lease P were as follows:

Exploratory dry hole drilled	$650,000
Development dry hole drilled	$700,000
Tanks, separators, etc., installed	$270,000
Production	260,000 bbl
Proved reserves, 12/31/20	2,600,000 bbl
Proved developed reserves, 12/31/20	2,300,000 bbl

Requirement:
 Calculate the Accrued Liabilities for 2020.