ABC Company had total assets of $500,000 and total liabilities of $200,000 at January 1, 2001.At December 31, 2001, ABC Company had total equity of $400,000. ABC Company reported a return on investment (ROI) of 15% for 2001 and a net income of $93,000 during 2001.Calculate ABC Company's total liabilities at December 31, 2001.