3. Calculate missing information using knowledge of the accounting equation (1pt): Below is some selected information from the financial statements of Schrute Farms. Calculate the missing amount for Total Liabilities as of 12/31/20. You must show all of your work to receive full credit. Balance as of December 31,2020: Total Assets Total Liabilities Balance as of December 31, 2021: Total Assets Total Liabilities Summary of events occurring during the year 2021: Common Stock issuances Net Income Dividends $950,000 $????? $1,120,500 $895,100 $6,000 $56,000 $1,220