A. On January 1, Lumia Company's liabilities are $60,000 and its equity is $40,000. On January 3, Lumia purchases and installs solar panel assets costing $10,000. For the panels, Lumia pays $4,000 cash and promises to pay theremaining of $6,000 in six months. What is the total of Lumia's assets after the solar panel purchase?

Assets=Liabilities+Equity

Beginning: _____ =60,000+40,000

Change: 6,000= _____+ _____

Ending: _____=_____+ _____

B. On March 1, ABX Company's assets are $100,000 and its liabilities are $30,000. On March 5, ABX is fined $15,000 for failing emission standards. ABX immediately pays the fine in cash. After the fine is paid, what is the amount of equity for ABX?

Assets=Liabilities+Equity

Beginning: 100,000=30,000+70,000

Change: (15,000)= _____+ _____

Ending: _____=_____+ _____

C.On August 1, Lola Company's assets are $30,000 and its liabilities are $10,000. On August 4, Lola issues a sustainability report following SASB guidelines. Investors react positively to this report. On August 5, a new investor contributes $3,000 cash and $7,000 in equipment in exchange for ownership in Lola. After the investment, what is the amount of equity for Lola?

Assets=Liabilities+Equity

Beginning: 30,000 =10,000+_____

Change: _____= _____+ _____

Ending: _____=_____+ _____