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On January 1, Lumia Company's liabilities are $76,000 and its equity is $56,000. On January 3 , Lumia purchases and installs solar panel assets costing

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On January 1, Lumia Company's liabilities are $76,000 and its equity is $56,000. On January 3 , Lumia purchases and installs solar panel assets costing $26,000. For the panels, Lumia pays $12,000 cash and promises to pay the remaining $14,000 in six months. What is the total of Lumia's assets after the solar panel purchase

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