Assets Cash Accounts Receivable Inventory Prepaid Rent Equipment Total Assets $90,772 Equities Accounts Payable $235,836 11,597 Wages Payable 1,136 156,335 Notes Payable 5,176 Paid-In Capital 34,071 270,013 338,862 Retained Earnings. 61,686 $602,742 Total Equities $602,742 The following summary transactions occurred during 2021: paid $85,019 to suppliers for merchandise previously purchased on account purchased $336,858 of merchandise on account and $151,342 for cash sold merchandise for $495,282 on account and $222,518 for cash; the merchandise cost $401,968 agreed to a four-year rental lease for $8,000 and paid $2,000 in advance received $212,355 from customers for merchandise previously sold on account Note: For the questions below, ignore adjusting entries on December 31, 2021. 5. What were total equities on December 31, 20217 Submit Answer Tries 0/3 . What was total owners' equity on December 31, 20217