Account Name Amount

Income tax expense $$12,380$

Cash $($beginning of year$)39,910$

Purchase of intangibles $1,560$

Website design $1,500$

Supplies expense $1,375$

Supplies $3,150$

Payment of dividends $7,000$

Service revenue $79,480$

Cash received from debt $25,000$

Dividends $7,000$

Payments to suppliers $56,925$

Retained earnings $($beginning of year$)28,365$

Bank loan payable, due in $202525,000$

Website expense $1,000$

Advertising expense $1,750$

Owners' capital $17,500$

Prepaid insurance $1,800$

Contributions by owners $8,500$

Business licence $60$

Insurance expense $3,600$

Interest expense $1,800$

Accounts receivable $52,375$

Prepaid expenses $2,700$

Income tax payable $2,775$

Deferred revenue $2,450$

Collections from customers $58,450$

Accounts payable $33,845$

Cash $($end of year$)66,375$

Salaries expense $32,550$

what is the total equity