Hawk Corp.prepared a draft of its 2014 balance sheet.The draft statement reported current liabilities totaling $200,000.However,none of the following items were included in this preliminary total at December 31,2014: 
At which amount should Hawk's current liabilities be correctly reported in the December 31,2014,balance sheet?
Definitions:
Marginal Cost
Represents the change in total production costs resulting from making one additional unit of a product or service.
Economies of Scale
Advantages in cost that businesses gain from expanding their production scale, leading to a decrease in the average cost per unit produced as the operation size grows.
Average Farm
Refers to a farm with characteristics (size, income, production level) that represent the mean or typical values when compared to the broader agricultural landscape.
Diminishing Returns
Diminishing returns is an economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain constant.
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