Consider the following information:

Cash: $10,000

Accounts Payable: $3,000

Accounts Receivable: $2,000

Office Supplies: $1,000

Furniture: $15,000

Notes Payable: $10,000

Equity: $5000

From the above set of data, what is the total for assets, liabilities, and equity?

• a.)
• Total Assets: $36,000
• Total Liabilities: $21,000
• Total Equity: $15,000
• b.)
• Total Assets: $48,000
• Total Liabilities: $43,000
• Total Equity: $5,000
• c.)
• Total Assets: $31,000
• Total Liabilities: $15,000
• Total Equity: $16,000
• d.)
• Total Assets: $28,000
• Total Liabilities:$13,000
• Total Equity:$5,000