Wolfe Inc. Wolfe Inc. reports these account balances at January 1, 2017:

Retained Earnings $ 49,000

Accounts Receivable 20,000

Accounts Payable 24,000

Capital Stock 185,000

Land 153,000

Cash 13,000

Equipment 20,000

Notes Payable 28,000

Buildings 80,000

See the account balances for Wolfe Inc. On January 31, Wolfe collected $12,000 of its accounts receivable and paid $11,000 on its note payable. On January 31, 2017, the total liabilities are