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Iman and Kelsey own a construction business called I&K Custom Contractors. I&K has total stockholders' equity of $90,305. The business also has total assets of

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Iman and Kelsey own a construction business called I\&K Custom Contractors. I\&K has total stockholders' equity of $90,305. The business also has total assets of $145,120. I\&K has only two liabilities in the liabilities section of its balance sheet: Accounts Payable and Notes Payable. The balance sheet shows Notes Payable of $32,711. I K Contractors will pay this note back 5 years from now. What is the total amount of short term liabilities shown on the I\&K balance sheet

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