Required information

$[$The following information applies to the questions displayed below.$]$

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

The business was started when the company received $$49,000$ from the issue of common stock.

Purchased equipment inventory of $$174,500$ on account.

Sold equipment for $$205,500$ cash $($not including sales tax$).$ Sales tax of $8$ percent is collected when the merchandise is sold. The merchandise had a cost of $$130,500.$

Provided a six$-$month warranty on the equipment sold. Based on industry estimates, the warranty claims would amount to $4$ percent of sales.

Paid the sales tax to the state agency on $$155,500$ 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 $$5,700$ for warranty repairs during the year.

Paid operating expenses of $$53,500$ for the year.

Paid $$125,400$ 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