You are given the following information for Smart Company, for the year 2020: Assets ($) Liabilities ($) Owners Equity ($) Values on 1/1/2020 722,000 124,600 ?????? 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.