If total liabilities on August 1 were $31,442, what were total liabilities on August 31?

X Company, a merchandiser, had the following transactions in August: 1. Borrowed $22,000 from a bank. 2. Bought equipment costing $9,900, paying the manufacturer $5,900 in cash and promising to pay the remaining $4,000 next month. 3. Paid utility expenses of $5,958. 4. Purchased a $5,000, five-year insurance policy, paying for three years in advance. 5. Paid back a previous loan for $3,890