Using the following information, determine the amount of liabilities on the balance sheet. Cash equals $3,500; stockholders?? equity equals $24,500; inventories equal $1,000; and land

Using the following information, determine the amount of liabilities on the balance sheet. Cash equals $3,500; stockholdersâ?? equity equals $24,500; inventories equal $1,000; and land equals $23,500. 2 answers