Based on the following data, what are total liabilities? Accounts payable Accounts receivable Cash Inventory Buildings Bonds payable Supplies Notes payable Equipment $71000 51000 90000 138000 167000 501000 9500 59000 347000 View Policies Current Attempt in Progress A local retail shop has been operating as a sole proprietorship. The business is growing and now the owner wants to incorporate. Which of the following is not a reason for this owner to incorporate