a$.$ On January $1,$ Lumia Company's liabilities are $$67,000$ and its equity is $$47,000.$ On January $3,$ Lumia purchases and installs solar panel assets costing $$17,000.$ For the panels, Lumia pays $$7,500$ cash and promises to pay the remaining $$9,500$ in six months. What is the total of Lumia's assets after the solar panel purchase?

b$.$ On March $1,$ ABX Company's assets are $$107,000$ and its liabilities are $$37,000.$ On March $5,$ABx is fined $$18,500$ for failing emission standards. ABx immediately pays the fine in cash. After the fine is paid, what is the amount of equity for ABx $?$

c$.$ On August $1,$ Lola Company's assets are $$37,000$ and its liabilities are $$17,000.$ On August $4,$ Lola issues a sustainability report following SASB guidelines. Investors react positively to this report. On August $5,$ a new investor contributes $$6,500$ cash and $$10,500$ in equipment in exchange for ownership in Lola. After the investment, what is the amount of equity for Lola?

Complete this question by entering your answers in the tabs below.

Required B

Required C

On January $1,$ Lumia Company's liabilities are $$67,000$ and its equity is $$47,000.$ On January $3,$ Lumia purchases and installs solar panel assets costing $$17,000.$ For the panels, Lumia pays $$7,500$ cash and promises to pay the remaining $$9,500$ in six months. What is the total of Lumia's assets after the solar panel purchase?

$\backslash$table$[[$Assets$,=,$Liabilities,$+,$Equity$],[$January $1,,=,$$$,67,000,+,$$$,47,000$