I can't the correct answer for finding the difference between assets & liabilities. Here is the following information:
interest expense - $9,000
paid-in capital - $20,000
Accumulated depreciation - $6,000
Notes payable (long term) - $70,000
Rent expense - $18,000
Merchandise inventory - $210,000
Accounts receivable - $48,000
Depreciation expense - $3,000
Land - $32,000
Retained earnings - $225,000
Cash - $36,000
Cost of goods sold - $440,000
Equipment - $18,000
Income taxs expense - $60,000
Accounts payable - $23,000
Sales revenue - $620,00

Which of these are the liabilities? I think the A/R, & notes payable (long term). Is that correct?