Matlack Company starts on January 1, 2017 with $100,000 in common stock. At the end of 2011 the following financial information. Their accountant needs to create financial statements usin information Common Stock Revenue Rent Expense Utilities Expense Equipment $100,000 $90,000 $20,000 $10,000 $90,000 Cash Accounts Receivable Accounts Payable Salaries Expense Dividends Paid $40,000 $25,000 $40,000 $35,000 $10,000 The amount of liabilities as of 12/31/17 would be