At the beginning of 2014, KJ Corporation had total assets of $553,700, total liabilities of $261,800

At the beginning of 2014, KJ Corporation had total assets of $553,700, total liabilities of $261,800, common shares of $139,000, and retained earnings of $152,900. During 2014, KJ had net income of $225,200, declared and paid dividends of $74,400, and issued additional common shares for $94,000. KJ's total assets at the end of 2014 were $721,800.

Required:

Calculate the amount of liabilities that KJ must have at the end of 2014 in order for the statement of financial position to balance.