Answer: $38,000
Explanation:
Given that,
Company's balance sheet shows that,
Cash = $26,000
Accounts receivable = $32,000
Equipment = $54,000
Equity = $74,000
Liabilities = Cash + Accounts receivable + Equipment - Equity
= $26,000 + $32,000 + $54,000 - $74,000
= $38,000
Therefore, the amount of liabilities is $38,000.
