Exerclse 2.1 Determining accounting equation amounts. LO 2-1,2-2 Just before Walker Laboratories opened for business, James Walker, the owner, had the following assets and liabilities. $41,100 76,200 Cash Laboratory Equipment Laboratory Supplies Loan Payable Accounts Payable 7,400 15,700 10,025 Determine the totals that would appear in the firm's fundamental accounting equation. Assets Liabilities Owner's Equity