Kingston Company reported total assets of $ 11 million and total liabilities of $ 4 million at the end of 20 Upper X 0. Requirements 1. Construct the balance sheet equation for Kingston Company at the end of 20 Upper X 0 and include the correct amount for owners' equity. 2. Suppose that during January 20 Upper X 1 Kingston borrowed $ 2 million from Constellation Bank. How would this affect Kingston's assets, liabilities, and owners' equity?