The following transactions apply to Ozark Sales for 2018:

1. The business was started when the company received $49,500 from the issue of common stock.
2. Purchased equipment inventory of $174,000 on account.
3. Sold equipment for $207,000 cash (not including sales tax). Sales tax of 7 percent is collected when the merchandise is sold. The merchandise had a cost of $132,000.
4. Provided a six-month warranty on the equipment sold. Based on industry estimates, the warranty claims would amount to 5 percent ofsales.
5. Paid the sales tax to the state agency on $157,000 of the sales.
6. On September 1, 2018, borrowed $21,500 from the local bank. The note had a 7 percent interest rate and matured on March 1, 2019.
7. Paid $5,900 for warranty repairs during the year.
8. Paid operating expenses of $52,500 for the year.
9. Paid $124,100 of accounts payable.
10. Recorded accrued interest on the note issued in transaction no. 6.

Record the given transactions in a horizontal statements model like the following one.

Record the given transactions in a horizontal statements model like the following one.

What is the total amount of current liabilities at December 31, 2018?