a. On January 1 Lumia Company's liabilities are $69,000 and its equity is $49,000. On January 3, Lumia purchases and installs solar panel assets costing $19,000. For the panels, Lumia pays $8,500 cash and promises to pay the remaining of $10,500 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 $109,000 and its liabilities are $39,000. On March 5, ABX is fined $19,500 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 $39,000 and its liabilities are $19,000. On August 4, Lola Issues a sustainability report following SASB guidelines, Investors react positively to this report. On August 5, a new investor contributes $7,500 cash and $11,500 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 A Required B Required On January 1, Lumia Company's liabilities are $69,000 and its equity is $49,000. On January 3, Lumia purchases and installs solar panel assets costing $19,000. For the panels, Lumia pays $8,500 cash and promises to pay the remaining of $10,500 in six months. What is the total of Lumia's assets after the solar panel purchase? Assets Liabilities 69,000+ Equity 49,000 Beginning Change Ending 10.500 - Required B > As of December 31, 2019, Armani Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, Dec. 31, 2018 Retained earnings, Dec. 31, 2019 Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses $10,300 9,300 6,300 5,300 11,600 14,300 3,300 5,300 13,300 33,600 22,600 20,300 12,300 8,300 Required: Prepare a year-end statement of retained earnings for Armani Company ARMANI COMPANY Statement of Retained Earnings For Year Ended December 31, 2019 Retained earnings, December 31, 2018