Exercise 2.1 (Algo) Determining accounting equation amounts. LO 2-1, 2-2 Just before Henderson Laboratories opened for business, Eugene Henderson, the owner, had the following assets and liabilities Cash Laboratory oquipment Laboratory supplies Loan payable Accounts payable $ 40,200 75,300 6,500 14,800 9,800 Determine the totals that would appear in the firm's fundamental accounting equation (Assets = Liabilities + Owner's Equity). Assets Liabilities Owner's equity