Norah, the sole shareholder of Mad Max Food Truck, runs a food truck in the suburb of a large city. Her balance sheet as at February 28, 2020 is as follows: Mad Max Food Truck Balance Sheet As at February 28, 2020 Assets Cash $4,300 Inventory $2,100 Equipment $8,300 Accumulated Depreciation $-2,800 Total Assets $11,900 Liabilities Accounts Payable $2,700 Loan Payable $7,700 Total Liabilities $10,400 Shareholder's Equity $1,500 Total Liabilities & Shareholder's Equity $11,900 In the upcoming year, Norah expects the following events to occur: Total revenues of $20,000 and total expenses of $1,270 Inventory is expected to increase by $600 By the end of February, 2021, Mad Max Food Truck will owe its suppliers $3,100 No principal payments will be made on the