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Cash $34000 Receivable $34000 Supplies Inventory $7500 Prepaid Expenses $12250 Other Current Assets $6400 Total Current Assets $94150 Land, Bldg & Equipement $120000 Total assets

Cash $34000
Receivable $34000
Supplies Inventory $7500
Prepaid Expenses $12250
Other Current Assets $6400
Total Current Assets $94150
Land, Bldg & Equipement $120000
Total assets $214150
Accounts payable $13500
Accrued Laiabilities $34000
Current portion of ling term debt $12000
Long term debt $84000
Total liabilities $143500
Unrestricted net assets $45000
Restricted Net Assets $25650
Total liabilities & net assets $214150

Use the given balance sheet for a healthcare organization to answer the following question: Please explain the answer in detail. How much is the total equity of this organization? 1) $25650, 2) $70650 3) $84000 4) $94150

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