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The DeliciousDumpling restaurant opened on June 1st 20X1. The following business transactions were made in the first 10 days of the month: The restaurant owner

The DeliciousDumpling restaurant opened on June 1st 20X1. The following business transactions were made in the first 10 days of the month:

  1. The restaurant owner deposited $200,000 in a DeliciousDumpling's business bank account.
  2. $20,000 of food inventory was purchased on trade credit from a local supplier.
  3. $10,000 of beverage inventory was purchased and the payment was made 50% by bank transfer from the business bank account and the remainder on trade credit.
  4. $8,000 of sales was made on trade credit.
  5. $32,000 of sales was made for cash.
  6. $10000 of wage expense was accrued, of which $4000 was paid in cash to employees, and the remainder will be paid at the end of June.
  7. $20,000 rent was paid upfront for 2 months.
  8. A delivery van was purchased for $40,000, and a loan was taken to finance 80% of the cost, with the remainder coming directly from the business bank account
  9. An electronic fund transfer of $2,000 from the business bank acount was made to the beverage supplier.
  10. 50% of the outstanding invoice from the food supplier was paid in cash.

Based on this information, what is the total value of DeliciousDumpling's liabilities as at 10th June 20X1?

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