Below are account balances of Nile'Stones Shop, for the period ending 30th June 20X1:

Accounts Payable (creditors)$ 8,100

Accounts Receivable (debtors)4,000

Cash7,300

Land15,300

Machinery31,600

Merchandise Inventory12,200

Long-term Debt20,700

Accrued (utility) payable2,200

Owner's Capital39,400

The following are transactions and additional information for Nile'Stones Shop for the month of June that have not been incorporated into those balances:

1. Collected cash $1,900 from credit customers.

2. Paid the creditors $2,600 of the amount owed on account.

3. The owner withdrew $1,000 from the business.

4. Paid all the accrued (utility) payable.

Required:

Based on the Nile'Stones Shop list of account balances at the end of June and incorporating the transactions and additional information above, calculate and itemise (list) the account balances and the amount of each account and the total amount that make up following:

a.The total assets.

b.The total liabilities

c.The Owner's Equity as at the end of period - 30^thJune.