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On December 31,2023, Vivid Corporation prepared adjusting entries that included the following items: ...

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Accounting

On December 31,2023, Vivid Corporation prepared adjusting entries that included the following items:
Depreciation expense: $44,000;
Accrued sales revenue: $42,000;
Accrued expenses: $12,000;
Used insurance: $4,000; the insurance was initially recorded as prepaid.
Rent revenue earned: $2,000; the rent was initially prepaid by the tenant and credited to unearned rent revenue.
If Vivid Corporation reported total liabilities of $220,000 prior to adjusting entries, how much are Vivid's total liabilities after the adjusting entries?
Multiple Choice
$220,000
$264,000
$230,000
$196,000
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