A company has the following liabilities as of December 31:
Accounts payable $150,000
Notes payable (current portion) 217,000
Salaries and wages payable 55,000
Installment notes payable 1,140,000
Interest payable 32,000
Payroll taxes payable 15,500
What is the amount of total current liabilities reported on the balance sheet?
a. $319,500
b. $469,500
c. $1,609,500
d. $437,500