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Question - The following information is provided for a company. All liabilities are due to be satisfied within one year unless stated otherwise.
Retained earnings $52,000
Supplies 37,000
Equipment 72,000
Accounts receivable 9,000
Deferred revenue 6,000
Accounts payable 15,000
Common stock 25,000
Notes payable (due in 18 months) 35,000
Interest payable 7,000
Cash 22,000
Required - What is the amount of current liabilities?
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