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

Accounts Payable (creditors) $ 8,100

Accounts Receivable (debtors) 4,000

Cash 7,300

Land 15,300

Machinery 31,600

Merchandise Inventory 12,200

Long-term Debt 20,700

Accrued (utility) payable 2,200

Owners Capital 39,400

The following are transactions and additional information for NileStones 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 NileStones 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 Owners Equity as at the end of period - 30^th June.