Answer the following questions. Hint: Use the accounting equation.

a$.$ On January $1,$ Lumia Company's liabilities are $$63,000$ and its equity is $$43,000.$ On January $3,$ Lumia purchases and installs

solar panel assets costing $$13,000.$ For the panels, Lumia pays $$5,500$ cash and promises to pay the remaining $$7,500$ 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 $$103,000$ and its liabilities are $$33,000.$ On March $5,$ABx is fined $$16,500$ 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 $$33,000$ and its liabilities are $$13,000.$ On August $4,$ Lola issues a sustainability report.

On August $5,$ ownership invests $$4,500$ cash and $$8,500$ of equipment in Lola. After the investment, what is the amount of

equity for Lola?

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On January $1,$ Lumia Company's liabilities are $$63,000$ and its equity is $$43,000.$ On January $3,$ Lumia purchases and installs

solar panel assets costing $$13,000.$ For the panels, Lumia pays $$5,500$ cash and promises to pay the remaining $$7,500$ in six

months. What is the total of Lumia's assets after the solar panel purchase?