Problem 1-56A (Algorithmic) Applying the Fundamental Accounting Equation At the beginning of 2019, Huffer Corporation had total assets of $225,200, total liabilities of $84,200, common stock of $78,400, and retained earnings of $62,600. During 2019, Huffer had net income of $42,750, paid dividends of $11,900, and issued additional common stock for $12,700. Huffer's total assets at the end of 2019 were $225,200. Required: Calculate the amount of liabilities that Huffer must have at the end of 2019 in order for the balance sheet equation to balance. $ 87 x Feedback Check My Work Start with stockholders' equity at the beginning of the period. Use the retained earnings statement relationships to compute the change during the year and determine stockholders' equity at the end of the period. Use the fundamental accounting equation to solve for the amount of liabilities at the end of the period