Aspect	Value
Total Assets	$3,400,000
Total Liabilities and Equity	$2,800,000

Computation and Analysis:

Metric	Computation	Analysis
Total Current Assets	Cash + Accounts Receivable + Inventory + Prepaid Expenses	Total current assets represent the funds that are expected to be converted into cash or used up within one year. It is crucial for assessing the company's short-term liquidity.
Total Equity	Total Assets - Total Liabilities	Total equity represents the residual value available to shareholders after deducting liabilities. It reflects the company's net worth and its potential to generate returns for investors.