Daylight Company, an accrual basis service provider with a 12/31 year-end, reported the following transactions occurring in January 2020:

a.	A new owner invests $25,000 cash in the business in exchange for common stock.
b.	The company purchased equipment for $15,000 cash. Daylight began using the equipment as of January 1, 2020. (See (k) below).
c.	Daylight provided $12,000 of services on account.
d.	Daylight performed $8,000 of services that had already been prepaid by the customer in December 2019.
e.	Daylight collected $10,000 of cash from customers for services to be rendered in February and March of 2020.
f.	The company paid $2,000 cash for wages representing time worked during the last 2 weeks of December 2019.
g.	Daylight purchased $7,000 of office supplies paying $1,000 immediately placing the balance owed on account with the vendor.
h.	The company collected $6,000 of cash from customers as payment for services rendered in (c).
i.	Daylight declared and paid a $12,000 January dividend to the company owners.
j.	Daylight counted the supplies and determined that during January 2020, the company used $1,000 of office supplies.
k.	Daylight records depreciation monthly using the straight-line method. The equipment in (b) was assigned a 7-year useful life and a 4% residual value.

For purposes of this question only, assume that Daylight ended 2019 with total assets of $107,000 and total equity of $53,000 ($35,000 of which was common stock). What value will Daylight report at the end of January 2020 for total liabilities?

Show calculations please