Use Kuithe Corp's abbreviated 2021 financial statements to answer this question. Financial Statements for 2021 Balance...

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Use Kuithe Corp's abbreviated 2021 financial statements to answer this question. Financial Statements for 2021 Balance Sheet Assets Cash Accounts Receivable, Net Inventory Prepaid Rent Equipment, Net Land Total Assets $ $ $ 2021 2020 62,000 $ 48,000 26,000 $ 23,000 22,000 $32,000 $20,000 $80,000 $ 40,000 $ 72,000 $ 30,000 $ 40,000 $ 252,000 $ 243,000 $ $ 2021 28,000 $ 23,000 $ 1,000 $ Liabilities and Equity Accounts Payable Wages Payable Income Tax Payable Long-Term Debt Contributed Capital 8,000 $ 38,000 $ 38,000 $ 120,000 $120,000 Retained Earnings $ 42,000 $ 36,000 Total Liabilities and Equity $ 252,000 $243,000 How much in total liabilities did Kuithe Corp. report in its 2021 balance sheet? 2020 Income Statement Sales Revenue Cost of Goods Sold 24,000 17,000 Wages Expense Rent Expense Bad Debt Expense R&D Expense Depreciation Expense Interest Expense Gain on Sale of Land Income Tax Expense Net Income $ 230,000 $ (135,000) $ (18,000) $ (10,000) $ (2,000) $ (20,000) $ (8,000) $ (4,000) $ $ $ 3,000 (5,000) 31,000 Use Kuithe Corp's abbreviated 2021 financial statements to answer this question. Financial Statements for 2021 Balance Sheet Assets Cash Accounts Receivable, Net Inventory Prepaid Rent Equipment, Net Land Total Assets $ $ $ 2021 2020 62,000 $ 48,000 26,000 $ 23,000 22,000 $32,000 $20,000 $80,000 $ 40,000 $ 72,000 $ 30,000 $ 40,000 $ 252,000 $ 243,000 $ $ 2021 28,000 $ 23,000 $ 1,000 $ Liabilities and Equity Accounts Payable Wages Payable Income Tax Payable Long-Term Debt Contributed Capital 8,000 $ 38,000 $ 38,000 $ 120,000 $120,000 Retained Earnings $ 42,000 $ 36,000 Total Liabilities and Equity $ 252,000 $243,000 How much in total liabilities did Kuithe Corp. report in its 2021 balance sheet? 2020 Income Statement Sales Revenue Cost of Goods Sold 24,000 17,000 Wages Expense Rent Expense Bad Debt Expense R&D Expense Depreciation Expense Interest Expense Gain on Sale of Land Income Tax Expense Net Income $ 230,000 $ (135,000) $ (18,000) $ (10,000) $ (2,000) $ (20,000) $ (8,000) $ (4,000) $ $ $ 3,000 (5,000) 31,000

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