On January 1, Lumia Company's liabilities are $64,000 and its equity is $44,000. On January 3, Lumia purchases and installs solar panel assets costing $14,000. For the panels, Lumia pays $6,000 cash and promises to pay the remaining $8,000 in six months. What is the total of Lumia's assets after the solar panel purchase? January 3 Assets Liabilities Equity January 1 $ 108,000 = $ 64,000+ $ 44,000 Change + = || +