On December 31, Year 15, Cutoff Corporation reported totalassets of $142,000 prior to the following adjusting entries:

• Accrued expenses totaled $14,000
• Expired insurance which was prepaid totaled $5,000
• Rent revenue earned was $12,000; the rent was prepaid by the tenant and credited to unearned rent revenue
• Depreciation expense was $22,000
• Accrued service revenues totaled $12,000

How much are Cutoff's totalassets after adjusting entries?