Leary Corporation's end-of-year balance sheet consisted of the following amounts: Cash $ 25,000 Accounts receivable $ 46,000 Property, plant & equipment 69,000 Long-term debt 41,000 Capital stock 107,000 Accounts payable 22,000 Retained earnings ? Inventory 33,000 What is Leary's total liabilities balance at the end of the current year?
a. $3,000
b. $110,000
c. $63,000
d. $173,000
c
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