o Required Information Exercise 9-8A Current liabilities LO 9-1, 9-2, 9-4 [The following information applies to the questions displayed below.] The following transactions apply to Ozark Sales for Year 1: 1. The business was started when the company received $48,500 from the issue of common stock. 2. Purchased equipment Inventory of $174,500 on account 3. Sold equipment for $209,500 cash (not including sales tax). Sales tax of 7 percent is collected when the merchandise is sold. The merchandise had a cost of $134,500. 4. Provided a six-month warranty on the equipment sold. Based on Industry estimates, the warranty claims would amount to 4 percent of sales. 5. Paid the sales tax to the state agency on $159,500 of the sales. 6. On September 1, Year 1, borrowed $19,500 from the local bank. The note had a 7 percent Interest rate and matured on March 1, Year 2 7. Paid $5,700 for warranty repairs during the year. 8. Pald operating expenses of $54,500 for the year. 9. Pald $124.500 of accounts payable. 10. Recorded accrued Interest on the note issued in transaction no. 6. Exercise 9-8A Part c. What is the total amount of current liabilities at December 31, Year 12 (Round your answer to the nearest dollar amount.) Total current liabilities