At the beginning of April, Kaiser Health Partners’ assets to…
At the beginning of April, Kaiser Health Partners’ assets totaled $240,000 and shareholder’s equity totaled $180,000. During April the following summarized transactions occurred: 1. Additional shares of stock were sold for $20,000 cash. 2. A building costing $95,000 was purchased using $10,000 cash and by signing an $85,000 long-term note payable. 3. Short-term investments costing $9,000 were purchased using cash. 4. $8,000 was given to an employee as a loan; the employee signed a six-month note in exchange for the loan. How much are Kaiser’s total liabilities at the end of April?