The accountant for Scott Industries prepared the following list of accounting equation element balances from the company's records for the year ended December 31: Fees Earned $165,000 Cash $30,000 Accounts Receivable 14,000 Selling Expenses 44,000 Equipment 64,000 Scott, Capital 27,000 Accounts Payable 12,000 Interest Revenue 3,000 Salaries and Wages Expense 40,000 Prepaid Rent 2,000 Income Taxes Payable 5,000 Income Taxes Expense 18,000 Notes Payable 20,000 Rent Expense 20,000 Determine the total liabilities at the end of the current year for Scott Industries