DU UI Del 31, 2017. Problem 4-7 The following information pertains to Island company on December 31, 2017: Overdraft with First Bank Accounts payable Dividends in arrears-Preference share Share dividend payable Accrued expenses Mortgage payable-due December 31, 2022 Customers' deposits Reserve for contingencies Total liabilities 5,000 150,000 20,000 45,000 10.000 100,000 15,000 25,000 370.000 Required: What is the correct amount of liabilities for accounting purposes on December 31, 2017