Just before Ward Laboratories opened for business, Pamela Ward, the owner, had the following assets and liabilities.

Cash $ $40,300$

Laboratory equipment $75,400$

Laboratory supplies $6,600$

Loan payable $14,900$

Accounts payable $9,825$

Determine the totals that would appear in the firm$$s fundamental accounting equation

$($Assets $=$ Liabilities $+$ Owner$$s Equity$).$