Exercise 2. Applying Basic Accounting Equation Dan and Den, Inc. reports the following assets and liabilities. Compute the totals that would appear in the corporation's basic accounting equation (Assets Liabilities + Stockholders Equity (Capital Stock)) Cash. $37,000 Accounts Payable 15,000 Supplies.. ..1, 800 Loan Payable.. 9,000 Inventory... ....12,000