Check my work 2 Part 2 of 2 Required information Exercise 9-8A Current liabilities LO 9-1,9-2,9-4 [The following information applies to the questions displayed below.) The following transactions apply to Ozark Sales for Year 1 20 points eBook 19 Hint 1. The business was started when the company received $49,500 from the issue of common stock 2. Purchased equipment inventory of $177,000 on account. 3. Sold equipment for $194,500 cash (not including sales tax). Sales tax of 6 percent is collected when the merchandise is sold. The merchandise had a cost of $119,500. 4. Provided a six-month warranty on the equipment sold. Based on industry estimates, the warranty claims would amount to 3 percent of sales 5. Paid the sales tax to the state agency on $144,500 of the sales. 6. On September 1, Year 1, borrowed $21,500 from the local bank. The note had a 6 percent interest rate and matured on March 1, Year 2. 7. Paid $5,400 for warranty repairs during the year. 8. Paid operating expenses of $55,000 for the year. 9. Paid $124,600 of accounts payable. 10. Recorded accrued interest on the note issued in transaction no. 6. Exercise 9-8A Part c. What is the total amount of current liabilities at December 31, Year 1? (Round your answer to the nearest dollar amount.) Total current liabilities