On September 1, Shawn Dahl established Whitewater Rentals, a canoe and kayak rental business. The following transactions occurred in the month of September and affected the following accounts:

CashAccounts PayableAccounts ReceivableShawn Dahl, CapitalOffice EquipmentRevenueCanoe and Kayak EquipmentExpenses

Transactions

1. Shawn Dahl invested $50,000 in cash to open the business
2. Paid $14,200 in cash for the purchase of kayak and canoe equipment
3. Paid $2,200 in cash for rent expense
4. Purchased additional kayak and canoe equipment for $4,900 on credit
5. Received $4,600 in cash for kayak rentals
6. Rented canoes and kayaks for $3,400 on account
7. Purchased office equipment for $375 in cash
8. Received $1,350 in cash from credit clients
9. Shawn Dahl withdrew $1,800 in cash for personal expenses

Based on the information above, complete the following accounting equation.

What is the assets, liability and owner's equity?

Assets _________= Liability _________ + Owner's Equity_______