Cash 5,161 Accounts Receivable 2,312 Prepaid Expenses 722 Equipment Accumulated Depreciation 13,561 8,903 Accounts Payable ! 1,678 Notes Payable 4,368 1,000 Common Stock Retained Earnings Dividends 1,505 1,000 Fees Earned 7,824 Wages Expense 2,019 Rent Expense 700 Utilities Expense 488 Depreciation Expense 257 Miscellaneous Expense Totals 26,278 26,278 Determine the total liabilities for the period. 11