A company started the year with the following: 

Assets $104,000; 

Liabilities $34,000; 

Common Stock $64,000; 

Retained Earnings $6,000. 

During the year, the company earned revenue of $5,400, all of which was received in cash, and incurred expenses of $3,200, all of which were unpaid as of the end of the year. In addition, the company paid dividends of $1,400 to owners. Assume no other activities occurred during the year.

What is The amount of the company's liabilities at the end of the year?