C Software Company has the following account balances for the dates given:

October $31$

Cash: $ $60,000$

Accounts Receivable: $$38,000$

Accounts payable: $?$

October $1$

cash : $$40,000$

Accounts receivable : $$40,000$

Accounts payable: $$6,000$

Net income, for October was $$20,000$ and there were no investments in company stock or dividends paid to the owners.

Required:

a$)$ Determine the equity at October $1$

b$)$ Determine the equity at October $31$

c$)$ Determine accounts payable at October $31$