Use the information below to answer the question.

Assume that the purchase requisitions were for office supplies.

Purchase requisition number Amount Date approved Purchase order date placed Receiving report date Invoice date Payment date

$10018312/29/204012/29/204012/30/204012/31/20401/5/2041$

$1011421/3/20411/4/20411/5/20411/5/20412/3/2041$

$10212012/30/204012/30/20401/2/20411/3/20412/1/2041$

$10312012/29/204012/30/204012/31/20401/3/20411/31/2041$

$10414012/28/204012/29/204012/30/204012/30/204012/31/2040$

What is the amount that should be recognized as a liability by the end of $2040?$