Calculate total assets and total liabilities based on the following data (show your calculations) Land Salaries Loan $220 000 $60 000 $100 000 $160 000 $180 000 $5 000 Equipment Sales Revenue Prepaid Insurance Accounts Payable $40 000 Cash $50 000 $10 000 $80 000 $120 000 Interest Expense Inventory Accounts Receivable Furniture Notes Payable Machines Retained Earnings $70 000 $140 000 $180 000 $50 000 7 A B I lul