Listed in random order below are the balance sheet figures of TQM Limited as at September 30, 2020. You are required to compute Owners Equity!

Trade receivables PKR 50,000

Trade payables PKR 30,000

Building PKR 90,000

Share capital PKR 100,000

Bank loan PKR 40,000

Inventories PKR 10,000

Cash and cash equivalents PKR 20,000

Reserves PKR 50,000

Intangible assets PKR 30,000

Treasury shares PKR 20,000

Equipment PKR 40,000

Retained earnings PKR 40,000