"On December 31, 2019, Krug Company prepared adjusting entries that included the following items: Depreciation expense: $31,000. Sales revenue not collected in cash: $29,000. Expenses incurred but not paid: $12,000. Prepaid Insurance used up: $9,000; the insurance was initially recorded as prepaid. Rent revenue earned: $7,000; the rent was initially prepaid by the tenant and credited to unearned rent revenue. If Krug Company reported total liabilities of $110,000 prior to adjusting entries, how much are Krug's total liabilities after the adjusting entries?"

Group of answer choices

"$141,000"

"$110,000"

"$115,000"

"$86,000"