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

The business was started when the company received $$49,500$ from the issue of common stock.

Purchased equipment inventory of $$176,500$ on account.

Sold equipment for $$192,500$ cash $($not including sales tax$).$ Sales tax of $7$ percent is collected when the merchandise is

sold. The merchandise had a cost of $$117,500.$

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

to $3$ percent of sales.

Paid the sales tax to the state agency on $$142,500$ of the sales.

On September $1,$ Year $1,$ borrowed $$19,500$ from the local bank. The note had a $6$ percent interest rate and matured on

March $1,$ Year $2.$

Paid $$5,800$ for warranty repairs during the year.

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

Paid $$125,000$ of accounts payable.

Recorded accrued interest on the note issued in transaction no$.6.$

c$.$ What is the total amount of current liabilities at December $31,$ Year $1?$

Note: Round your answer to the nearest dollar amount.

Total current liabilities