15. Reese's Company reported equity of $22,000 on its December 31, 2019 balance sheet. The following information is available for the year ended December 31, 2020 Revenues $73,000 Expenses $9,000 Liabilities 11,000 What are the total assets of Reese's Company on December 31, 2020? 16. If a parcel of land is offered for sale at $45,000, is assessed for tax purposes at $20,000, is considered by its purchasers to be worth $36,000, and is purchased for $34,000, the land should be recorded in the purchaser's books at 1'7. From the following information taken from the records of Peach Company at December 31 of this year, calculate equity Liabilities $1,000 Cash 3,000 Accounts Receivable 2,000 Buildings 3,500 Equity