Stockton Company

Trial Balance

For the Year ended December $31,2023$

Cash

$ $60,000$

Accounts Receivable

$$200,000$

Prepaid Expenses

$$10,000$

Inventory

$$370,000$

Equipment

$$400,000$

Accumulated Depreciation

$$40,000$

Delivery Truck $$60,000$

Accumulated Depreciation $-$ Delivery Truck

$$6,000$

Accounts Payable

$$84,000$

Notes Payable Short$-$Term

$$60,000$

Notes Payable Long Term

$$240,000$

Common Stock

$$250,000$

Retained Earnings $$320,000$

Product Sales

$$1,200,000$

Cost of goods sold $$790,000$

Wages Expense $$253,000$

Rent Expense

$$36,000$

Depreciation Expense

$$21,000$

$]$

Totals

$$2,200,000$

$$2,200,000$

Determine the total liabilities

Group of answer choices

$$2,200,000.$

$$1,000,000.$

$$954,000.$

$$384,000.$