Required information The following information applies to the questions displayed below) The following transactions apply to Ozark Sales for Yeart 3 1. The business was started when the company received $49,500 from the issue of common stock 2. Purchased equipment Inventory of $176,500 on account 3. Sold equipment for $200.500 cash (not including sales tox)Sales tax of 7 percent is collected when the merchandise is sold. The merchandise had a cost of $125,500 4. Provided a six month warranty on the equipment sold. Based on industry estimates, the warranty claims would amount 10 4 percent of sales. 5. Paid the sales tax to the state agency on $150,500 of the sales, 6. On September 1 Year 1, borrowed $20,000 from the local bank. The note hod a 6 percent interest rate and matured on March 1 Year 2 7. Pald $5,500 for warranty repnirs during the year 8. Pald operating expenses of $52,500 for the year. 9. Pald $125,100 of accounts payable 10. Recorded accrued interest on the note isted in transaction no. 6, c. What is the total amount of current abilities at December 31. Year 17 (Round your answer to the nearest dollar amount)