Question 1 10 pts YWQ Company reported the following account balances at January 1, 2021 (note it is not necessary to calculate the balances for cash or common stock in order to solve this problem): Accounts Payable Accounts Receivable Cash Common Stock Inventory Land Notes Payable Patent Retained Earnings $28,000 $60,000 ? ? $78,000 $63,000 $72,000 (due July 1, 2022) $61,000 $32,000 (at January 1, 2021) During 2021, YWQ Company entered into the following transaction: April 18: Purchased supplies costing $76,000 on account. June 12: Sold one-half of its inventory to a customer for $80,000. The customer paid 15% down and agreed to pay the remainder at a later time. July 6: Purchased a building costing $66,000. Paid $25,000 cash and financed the remainder on a 3-year note payable. August 14: Paid the account payable from January 1 plus $13,000 to the supplier who the supplies were purchased from on April 18. October 3: Received a partial payment of $11,000 from the customer who purchased the inventory on June 12. December 31: Received a $13,000 bill from the utility company. YWQ will pay the bill next month. Calculate the total liabilities reported in YWQ Company's December 31 2021 balance sheet