Use the information in the adjusted trial balance for Stockton Company to answer the questions that follow. 
Determine the total liabilities for the period.
Definitions:
Unlimited Liability
A legal structure where business owners are personally responsible for all of the business's debts, without any limit.
Limited Life
Denotes that a product, entity, or project has a preset endpoint or duration after which it will cease to exist or need to be substantially changed.
Intrinsic Value
The actual, fundamental worth of an asset, investment, or company, based on underlying perceptions of its true value.
Income Trusts
Income Trusts are a type of investment trust that holds income-producing assets and distributes the income generated to its shareholders, typically on a monthly or quarterly basis.
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