The following transactions apply to Ozark Sales for Year 1. The business was started when the company received $48,500 from the issue of common stock. 2. Purchased merchandise inventory of $176,000 on account. 3. Sold merchandise for $197,000 cash (not including sales tax). Sales tax of 6 percent is collected when the merchandise is sold. The merchandise had a cost of $122,000. 4. Provided a six-month warranty on the merchandise sold. Based on industry estimates, the warranty claims would amount to 5 percent of sales. 5. Paid the sales tax to the state agency on $147,000 of the 6. On September 1 , Year 1, borrowed $21,000 from the sales. local bank. The note had a 7 percent interest rate and matured on March 1, Year 2 . 7. Paid $5,800 for warranty repairs during the year. 8. Paid operating expenses of $55,500 for the year. 9. Paid $124,700 of accounts payable. 10. Recorded acerued interest on the note issued in transaction number 6 . d. What is the total amount of current liabilities at December 31, Year 1 ? (Round your intermediate calculation to the nearest dollar.)