3. Assume M\&M's January 1,2020, financial position was: Assets, $150,000 and Liabilities, $60,000, and that in the first month of 2020 , the company completed the following transactions: (1) paid on a note payable, $10,000 (no interest was paid); (2) collected an accounts receivable, $9,000; (3) paid an accounts payable, $5,000; and (4) purchased a truck, $5,000 cash, and a $20,000 note payable from a bank. M\&M's financial position at January 31,2020 is