The Pioneer Company has provided the following account balances:

Cash $39,600;

Short-term investments $5,600;

Accounts receivable $7,600;

Supplies $56,000;

Long-term notes receivable $3,600;

Equipment $104,000;

Factory Building $196,000;

Intangible assets $7,600;

Accounts payable $28,400;

Accrued liabilities payable $3,200;

Short-term notes payable $17,200;

Long-term notes payable $100,000;

Common stock $196,000;

Retained earnings $75,200.

What are Pioneer's total current liabilities?

Multiple Choice

• $45,600

• $31,600

• $148,800

• $48,800