Wainright Industries reports the following transactions during its first month of operations: 1. Issued 10,000 shares of common stock for $15,000 cash. 2. Purchased land for $12,000, signing a note payable for the full amount. 3. Purchased office equipment for $1,200 cash. 4. Received cash of $14,000 for services provided to customers during the month. 5. Received cash of $8,500 for services to be provided to customers in the following month. 6. Purchased $800 of office supplies on account. 7. Paid employees $10,000 for their first month's salaries. 8. Paid off half of balance due to office supplies vender. What was the total amount of Wainright's liabilities following these transactions? Numeric Response