On August 31 of the current year, the assets and liabilities of Gladstone, Inc. are as follows: Cash $30,000; Supplies, $600, Equipment, $10,000; Accounts Payable, $8,500. What is the amount of equity as of August 31 of the current year? A $49,100 $32,100. $12,100. D) $10,900 E $30,900