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 $30,000 Accounts receivable 16,000 Selling expenses 44,000 Equipment 64,000 Common stock 47,000 Accounts payable 12,000 Interest revenue 3,000 40,000 Income taxes expense 18,000 Salaries & wages expense Income taxes payable 5,000 Rent expense 20,000 Determine the total liabilities at the end of the current year for Scott Industries