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accountingAt the beginning of 2011,Huffer Corporation had to

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accounting
At the beginning of 2011,Huffer Corporation had total assets of $217,900,total liabilities of $84,200,common stock of $71,100,and retained earnings of $62,600.During 2011,Huffer had net income of $42,750,paid dividends of $11,900,and issued additional common stock for $12,300.Huffer's total assets at the end of 2011 were $217,900.
Calculate the amount of liabilities that Huffer must have at the end of 2011 in order for the balance sheet equation to balance.
217900-(71100+62600+42750-11900+12300)=41050
Asset = Liability + Equity
Detail of Equity by the end of 2011: Common Stock = 71100+12300 = 83400
Retained Earning =62600+42750-11900 =93450
Total Equity 176850

So Liability = 217900 (asset by the end of 2011)- 176850 (total Equity) = 41050