You are given the following information for Smart Company, for the year 2020 Assets ($) Liabilities Owner's Equity ($) 722,000124,600 Values on 1 1 202 During the year 2020, assets increased by $ 21,200 The year was bad for business, as the company recorded a net loss of $ 17,450 Also, during the year, the owner (Mr Clever) invested an additional $ 20,000 into the business , and withdrew later $3,600 for personal use Required Calculate the value of total liabilities, on 31 12 2020 Note ( write your answer as a number only, no dollar signs or commas) You are given the following information for Smart Company, for the year 2020 Owner's Assets ($) Liabilities ($) Equity ($) 722,000 124,600 Values on 1 1 2020 During the year 2020, assets increased by $ 21,200 The year was bad for business, as the company recorded a net loss of $ 17,450 Also, during the year, the owner (Mr Clever) invested an additional $20,000 into the business, and withdrew later $ 3,600 for personal use Required Calculate the value of total liabilities, on 31 12 2020 Note (write your answer as a number only, no dollar signs or commas)

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You are given the following information for Smart Company, for the year 2020: Assets ($) Liabilities Owner's Equity ($) 722,000124,600?????? Values on 1/1 / 202

You are given the following information for Smart Company, for the year 2020: Assets ($) Liabilities Owner's Equity ($) 722,000124,600?????? Values on 1/1 / 202 During the year 2020, assets increased by $ 21,200. The year was bad for business, as the company recorded a net loss of $ 17,450. Also, during the year, the owner (Mr. Clever) invested an additional $ 20,000 into the business , and withdrew later \$3,600 for personal use. Required: Calculate the value of total liabilities, on 31/12 / 2020 . Note: ( write your answer as a number only, no dollar signs or commas) image text in transcribed

You are given the following information for Smart Company, for the year 2020: Owner's Assets ($) Liabilities ($) Equity ($) 722,000 124,600 ?????? Values on 1/1/2020 During the year 2020, assets increased by $ 21,200. The year was bad for business, as the company recorded a net loss of $ 17,450. Also, during the year, the owner (Mr. Clever) invested an additional $20,000 into the business, and withdrew later $ 3,600 for personal use. Required: Calculate the value of total liabilities, on 31/12/2020. Note: (write your answer as a number only, no dollar signs or commas)