14. Preparing a simple statement of financial position (balance sheet) Andy owns a business selling bicycles and bicycle accessories. The following information is available about his business's assets and liabilities on 28 February 2018. $ Equipment 78000 Cash at bank 15 000 Accounts payable 24000 Inventory 33000 Cash in hand 6 000 Bank loan 42000 Accounts receivable 9000 a. Calculate the total value of assets. b. Calculate the total value of liabilities. Use the accounting equation to calculate the business's capital. d. Prepare a simple statement of financial position (balance sheet) at 28 February 2018