Part 1: In your own words explain what assets, liability, and equity mean? Part 2: You need to create a balance sheet for Regina Furniture and Flooring. There year end is December 31, 2022. Their bookkeeper has provided you with the information below. Shares RBC Savings Account Balance RBC Loan Accounts Receivable Retained Earnings Inventory CRA Tax Bill Furniture Credit Card Balance 100 65,854 25,000 45,410 123,090 25,365 9,854 36,000 14,585