Favor Company has a current ratio of 1.35 on December 31. On that date the company's current assets are as follows: Cash and cash equivalents $67,200 Short-term investments 208,800 Accounts receivable (net) 300,000 Inventory 428,400 Prepaid expenses 27,600 Current assets $1,032,000 Favor Company's current liabilities at the beginning of the year were $468,000 and during the year its operating activities provided a cash flow of $76,118. 

a. What are the firm's current liabilities on December 31?