At the beginning of April, Warren Corporation's assets totaled $247,000 and liabilities totaled $67,000. During April the following summarized transactions occurred:

Additional shares of stock were sold for $23,500 cash.

A building costing $102,000 was purchased using $13,500 cash and by signing an $88,500 long-term note payable.

Short-term investments costing $9,700 were purchased using cash.

$10,700 was paid to an employee as a loan; the employee signed a six-month note in exchange for the loan.

How much are Warren's total liabilities at the end of April?

Multiple Choice

• $169,000

• $155,500

• $179,700

• $144,800