Liabilities and Owner's Equity Current Liabilities Accounts Payable $ 29,347.00 HST Payable $ 16,550.00 HST Recoverable 5,139.10 11,410.90 Total Current Liabilities 40,757.90 Long-Term Liabilities Loan Payable 33,000.00 Mortgage Payable 121,000.00 Total Long-Term Liabilities 154,000.00 J. Boulton, Capital Equity, Beginning of the Period 121,834.52 Add: Net Income {Loss} 4,999.78 Less: Drawings - 1,539.00 Increase or Decrease in Equity 3,460.78 Equity, End of the Period 125,295.30 Total Liabilities and Owner's Equity $ 320,053.20