Use the following information to answer this question: End of year 2018 Cash $10,000 Accounts Receivable 15,000 Inventory 35,000 Fixed Assets, gross 55,000 Accumulated Depreciation 15,000 Fixed Assets, net 40,000 Accounts Payable 25,000 Notes Payable 5,000 Long-Term Debt 20,000 Common Equity 50,000 The firm currently uses straight-line depreciation. No fixed assets are expected to be purchased or sold. Current assets and accounts payable vary directly with sales. Notes payable will be paid off in the year 2019. Depreciation expense in 2014 was $2,000. Sales are expected to grow by 50% in 2019. All net income is paid out in dividends and no new stock or bonds will be issued or retired. Calculate total liabilities for the end of the year 2019