321. The balance sheet of XYZ Ltd. on December 31, 2023, is provided below:

Item	Amount ($)
Accounts Payable	1,390,000
Notes Payable	1,370,000
Accrued Expenses	1,250,000
Total Current Liabilities	?
Long-term Debt	2,840,000
Total Liabilities	?
Common Stock	2,880,000
Retained Earnings	2,890,000
Total Equity	?
Total Liabilities & Equity	?

Requirements:

1. Calculate the Total Current Liabilities.
2. Determine the Total Liabilities.
3. Calculate the Total Equity.