ou are given the following information for Smart Company, for the year 2020:

	Assets ($)	Liabilities ($)	Owners Equity ($)
Values on 1/1/2020	722,000	124,600	??????

During the year 2020, assets increased by $ 21,200. The year was bad for business, as the company recorded a net loss of $ 17,450. Also, during the year, the owner (Mr. Clever) invested an additional $ 20,000 into the business, and withdrew later $ 3,600 for personal use.

Required: Calculate the value of total liabilities, on 31/12/2020.

Note: (write your answer as a number only, no dollar signs or commas)