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The following transactions apply to Ozark Sales for Year $1$:

The business was started when the company received $$50,000$ from the issue of common stock.

Purchased merchandise inventory of $$175,000$ on account.

Sold merchandise for $$206,500$ cash $($not including sales tax$).$ Sales tax of $7$ percent is collected when the

merchandise is sold. The merchandise had a cost of $$131,500.$

Provided a six$-$month warranty on the merchandise sold. Based on industry estimates, the warranty claims would

amount to $3$ percent of sales.

Paid the sales tax to the state agency on $$156,500$ of the sales.

On September $1,$ Year $1,$ borrowed $$20,000$ from the local bank. The note had a $5$ percent interest rate and matured on

March $1,$ Year $2.$

Paid $$6,000$ for warranty repairs during the year.

Paid operating expenses of $$55,000$ for the year.

Paid $$124,000$ of accounts payable.

Recorded accrued interest on the note issued in transaction number $6.$

d$.$ What is the total amount of current liabilities at December $31,$ Year $1?($Round your intermediate calculation to the nearest dollar.$)$

Total current liabilities