Montauk Oil Co. reports these account balances at December 31, 2021 Accounts Payable $ 110,000 Land $ 200,000 Notes Payable $ 260,000 Equipment $ 160,000 Cash $ 80,000 Accounts Receivable $ 100,000 Buildings $ 240,000 Capital Stock $ 340,000 Retained Earnings $ 70,000

On January 2, 2022, Montauk Oil collected $50,000 of its accounts receivable and paid $20,000 of its accounts payable. On January 3, 2022, total liabilities are?