Just before Henderson Laboratories opened for business, Eugene Henderson, the owner, had the following assets and liabilities.

Cash	$	99,000
Laboratory equipment		155,000
Laboratory supplies		21,600
Loan payable		30,400
Accounts payable		22,750

Determine the totals that would appear in the firms fundamental accounting equation

(Assets = Liabilities + Owners Equity).

Assets:
Liabilities:
Owners equity: