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[The following information applies to the questions displayed below.] The following financial statement information is from five separate companies: Company A Company B Company C

[The following information applies to the questions displayed below.] The following financial statement information is from five separate companies: Company A Company B Company C Company D Company E December 31, 2010 Assets $ 36,000 $ 28,080 $ 23,040 $ 64,080 $ 98,280 Liabilities 29,520 19,656 12,441 44,215 ? December 31, 2011 Assets 39,000 28,080 ? 70,980 107,640 Liabilities ? 19,094 12,803 34,070 85,035 During year 2011 Owner investments 6,000 1,400 9,750 ? 6,500 Net income (loss) 8,570 ? (1,147) 10,045 7,449 Owner cash withdrawals 3,500 2,000 5,875 0 11,000 5. Calculate the amount of liabilities for Company E on December 31, 2010. (Omit the "$" sign in your response): Amount of Liabilities $

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