total current liability: outflow for expense: it says 55,000 is incorrect... please help thank you

! Required information [The following information applies to the questions displayed below.) The following transactions apply to Ozark Sales for Year 1 1. The business was started when the company received $48,500 from the issue of common stock 2. Purchased equipment inventory of $177,000 on account. 3. Sold equipment for $192,500 cash (not including sales tax). Sales tax of 6 percent is collected when the merchandise is sold. The merchandise had a cost of $117.500 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 $142,500 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 $5,500 for warranty repairs during the year. 8. Paid operating expenses of $55,000 for the year. 9. Paid $125,600 of accounts payable 10. Recorded accrued interest on the note issued in transaction no 6 ces c. What is the total amount of current liabilities at December 31, Year 12 (Round your answer to the nearest dollar amount.)