Using the balance sheet, calculate XYZ Company's
total liabilities.
XYZ Company
Balance Sheet
Assets
Liabilities
Cash
$35,000
Notes
$45,000
Inventory $41,000
Wages
$56,000
Property $124,000
Equity
Stock
$50,000
Investment $49,000
Total Assets:
Total Liabilities + Equity:
Total Liabilities = $ [ ? ]