1. Create a paragraph describing the financial condition of Valley Stream Corporation as of September 30, 2024, utilizing the following balances. Then, calculate the total assets and total liabilities.

Valley Stream Corporation presents a robust financial position as of September 30, 2024. With debit balances including ₹20,000 in cash, ₹30,000 in accounts receivable, ₹65,000 in inventory, and ₹140,000 in equipment, the total assets amount to ₹255,000. On the credit side, accounts payable total ₹50,000, and the bank loan stands at ₹110,000, resulting in total liabilities of ₹160,000.