Question: Help Save & e following information applies to the questions displayed below, he following transactions apply to Ozark Sales for 2018: 1. The business was

 Help Save & e following information applies to the questions displayed

Help Save & e following information applies to the questions displayed below, he following transactions apply to Ozark Sales for 2018: 1. The business was started when the company received $50,000 from the issue of common stock. for $5S10,000 cash (not including sales tax). Sales tax of 8 percent is collected when the merchandise is 3. Sold sold. The merchandise had a cost of $330,000. 4. Provided a sik-month warranty on the equipment sold. Based on industry estimates, the warranty claims would amount to 2 percent of sales 5. Paid the sales tax to the state agency on $400,000 of the sales. 6.On 1, 2018, borrowed $50,000 from the local bank. The note had a 4 percent interest rate and matured on March 1, 2019 7. Paid $6,200 for warranty repairs during the year. 8. Paid operating expenses of $78,000 for the year. 9. Paid $250,000 of accounts payable. 10. Recorded accrued interest on the note issued in transaction no. 6 e. What is the total amount of current liabilties at December 31, 2018? (Do not round intermediate calculations and round

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