Wolverine Company had total assets of $200,000, total liabilities of $110,000, Retained i Earnings of $50,000 and total shareholders' equity of $90,000 at the beginning of the year. For the year, the company earned net income of $75,000 and declared cash dividends of $30,000. At the end of the year, the company had total assets of $300,000 and its total shareholders' equity was at $135,000. At the end of the year, what is the value of total liabilities for Wolverine Company?

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