The business was started when the company received $48,500 from the issue of common stock. purchased equipment inventory of $176,500 on account. sold equipment for $191,000 cash (not including sales tax). sales tax of 6 percent is collected when the merchandise is sold. the merchandise had a cost of $116,000. provided a six-month warranty on the equipment sold. based on industry estimates, the warranty claims would amount to 5 percent of sales. paid the sales tax to the state agency on $141,000 of the sales. on september 1, 2018, borrowed $21,500 from the local bank. the note had a 5 percent interest rate and matured on march 1, 2019. paid $5,900 for warranty repairs during the year. paid operating expenses of $53,000 for the year. paid $125,900 of accounts payable. recorded accrued interest on the note issued in transaction no. 6. what is the total amount of current liabilities at december 31, 2018? (do not round intermediate calculations and round your answer to the nearest whole dollar amount.)