4. On December 31, 2018, Krug Company reported total liabilities of $95,000 prior to the following adjusting entries: Depreciation expense was $25,000; Accrued service revenues totaled $18,000; Accrued expenses totaled $16,000; Used up insurance worth $10,000, the insurance was prepaid; Rent revenue earned was $7,000; the rent was prepaid by the tenant. How much are Krug's total liabilities after adjusting entries? a. $88,000 b. $102,000 c. $104,000 d. $111,000 e. $118,000 f. $129,000