Hi, I was hoping you can help me figure out the Total Liabilities and Stockholders' Equit. It says the total is $111,5000 but, my calculations are wrong. I'd appreciate it if you can help me find the $111,500 answer. Thank you!

CE No. 1-Do Your Work on this Document in Word Item 1 Use the following accounts and information to prepare, in good form, an income statement and a retained earnings statement, for the month of September and a balance sheet at September 30,2023 for Arrow Industries. You must list the various accounts and their amounts. On the income statement, be sure to list the expenses in order of magnitude (greatest to least) and on the balance sheet, assets should be in order of liquidity. Check figures for Item 1: Net income $21,700; Total liabilities and stockholders' equity $111,500 CE No. 1-Do Your Work on this Document in Word Item 1 Use the following accounts and information to prepare, in good form, an income statement and a retained earnings statement, for the month of September and a balance sheet at September 30,2023 for Arrow Industries. You must list the various accounts and their amounts. On the income statement, be sure to list the expenses in order of magnitude (greatest to least) and on the balance sheet, assets should be in order of liquidity. Check figures for Item 1: Net income $21,700; Total liabilities and stockholders' equity $111,500