1. A new business, Martin Inc. enters into the following transactions: (1) the owner invested $3,600; (2) $2,600 was used to pay for computer equipment for cash; (3) $2,300 in services were rendered by the business and the client paid that amount the same day the services were rendered; (4) a salary of $1,000 was paid to an employee; (5) A client called and advised that he was going to send a check next week to prepay for new plants in the amount of $4,000 and (6) $3,000 was borrowed from a bank. After these transactions, the businesss total assets, total liabilities, and total owners equity are:

	Total Assets	Total Liabilities	Total Owners Equity
a.	$11,900	$-0-	$11,900
b.	$7,900	$3,000	$4,900
c.	$7,900	$3,000	$2,600
d.	$10,500	$5,600	$4,900