Calculate the amount of liabilities for Company E on December 31, 2010.

Company E:
December 31, 2010
Assets: $123,000
Liabilities: ?
December 31, 2011
Assets: $112,500
Liabilities: $75,000
During year 2011
Stock issuances: $4,500
Net income: $18,000
Cash Dividends: $9,000

I came up with $99,000. I found the equity for 2011 and subtracted the stocks and income and added the dividends to come up with $24,000 for the equity for 2010. Then subtracted that from the Assets for 2010 for the total of $99,000. I am wondering if I did this right?

Your answer is correct and you calculated the amount correctly.