explain this balance sheet

	Balance sheet
	liabilities	Assets
	Current liabilities:	Current Asset:
	Acc payable 35000	Cash 3,100
	Accrued expense 2900	Acc receivable 40,500
	Unearned revenue 1,500	Prepaid expenses 1,500
		Inventory 31,000
	TOTAL: 39,400	TOTAL: 76,100