La Paz Company engaged in the following transactions during 2012, its first year in operation: (Assume all transactions are cash transactions) 1. Acquired $3,400 cash from issuing common stock. 2. Borrowed $2,400 from a bank. 3. Earned $3,300 of revenues. 4. Incurred $2,440 in expenses. 5. Paid dividends of $440. La Paz Company engaged in the following transactions during 2013: 1. Acquired an additional $700 cash from the issue of common stock. 2. Repaid $1,440 of its debt to the bank. 3. Earned revenues, $4,700. 4. Incurred expenses of $2,830. 5. Paid dividends of $880. The amount of liabilities on La Paz's 2013 balance sheet was?