The following transactions apply to Ozark Sales for Year 1:

1. The business was started when the company received $49,000 from the issue of common stock.
2. Purchased equipment inventory of $177,500 on account.
3. Sold equipment for $207,500 cash (not including sales tax). Sales tax of 7 percent is collected when the merchandise is sold. The merchandise had a cost of $132,500.
4. Provided a six-month warranty on the equipment 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 $157,500 of the sales.
6. On September 1, Year 1, borrowed $20,500 from the local bank. The note had a 5 percent interest rate and matured on March 1, Year 2.
7. Paid $5,900 for warranty repairs during the year.
8. Paid operating expenses of $53,000 for the year.
9. Paid $125,900 of accounts payable.
10. Recorded accrued interest on the note issued in transaction no. 6.

{The foiiowing information applies to the questions displayed beiom} The following transactions apply to Ozark Sales for Year 1: 1. The business was started when the company received $49,000 from the issue of common stock. 2. Purchased equipment inventory of $1??,500 on account. 3. Sold equipment for $207,500 cash (not including sales tax}. Sales ta): of 7 percent is collected when the merchandise is sold. The merchandise had a cost of $132,500. 4. Provided a six-month warranty on the equipment 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 $151500 of the sales. 6. On September 1, Year 1, borrowed $20,500 from the local bank. The note had a 5 percent interest rate and matured on March 1, Year 2. 1". Paid $5,900 for warranty repairs during the year. 8. Paid operating expenses of $53,000 for the year. 9. Paid $125,900 of accounts payable. 10. Recorded accrued interest on the note issued in transaction no. 5. c. What is the total amount of current liabilities at December 31, Year 1? {Round your answer to the nearest dollar amount.) 9 Amer In complete but not entirely correct. $ 193,457 9