Ceramic Products, Inc. reports these account balances at January 1, 2018 (shown in alphabetical order):

Ceramic Products, Inc. reports these account balances at January 1, 2018 (shown in alphabetical order): $ 35,000 Accounts Payable Accounts Receivable 27, ooo Buildings 160,000 Capital Stock 192, ooo Cash 20, ooo Equipment 27, ooo Land 87, ooo Notes Payable 31, ooo Retained Earnings 56, ooo On January 5, Ceramic Products collected $19,000 of its accounts receivable and paid $18,000 on its note payable. On January 6, 2018, total liabilities are: