Daniel's Catering began with cash of $$12,000.$ Daniel then bought supplies for $$1,900$ on account. Separately, Daniel paid $$5,500$ for equipment. Answer these questions.

a$.$ How much in total assets does Daniel have?

b$.$ How much in liabilities does Daniel owe?

a$.$ How much in total assets does Daniel have?

Total assets $=$ $ $13,900$

b$.$ How much in liabilities does Daniel owe?

Liabilities owed $=$