The accountant for Scott Industries prepared the following list of account balances from the company's records for the year ended December 31. Fees earned $165,000 Cash Accounts receivable 16,000 Selling expenses Equipment 64,000 Common stock Accounts payable 12,000 Interest revenue Salaries & wages expense 40,000 Income taxes expense Income taxes payable 5,000 Rent expense Determine the total liabilities at the end of the current year for Scott Industries. The accountant for Scott Industries prepared the following list of account balances from the company's records for the year ended December 31. Fees earned $165,000 Cash Accounts receivable 16,000 Selling expenses Equipment 64,000 Common stock Accounts payable 12,000 Interest revenue Salaries & wages expense 40,000 Income taxes expense Income taxes payable 5,000 Rent expense Determine the total liabilities at the end of the current year for Scott Industries