Part 5: Presented below is the balance sheet for Sabino Family Dentistry on January 1 of the current year. (15) Assets Cash Accounts receivable. Land Building Equipment. Total assets.. SABINO FAMILY DENTISTRY Balance Sheet January 1, 20_ Liabilities & Stockholders' Equity $ 33,000 Liabilities: 51,150 Accounts payable 313,500 Total liabilities 371.250 Owners' equity: 57,750 Capital stock... Total liabilities and $826650 owners' equity. $ 74.250 $ 74,250 752.400 $826.250 During the first few days of January, the following transactions occurred: Jan 1 The business borrowed $99,000 from the bank, giving a note payable due in 90 days. 3 Additional capital stock was issued in exchange for $44,550 cash. 3 Equipment was purchased for $62,700 on credit. 5 The business collected $26,400 of its accounts receivable and paid $37,950 of its accounts payable. Indicate your answer to each of the following questions in the space provided. 1 On January 6, total assets of the business amount to: a $826,650. b $994,950 c $957,000. d $950,400 2 On January 6, owners' equity amounts to: a $752,400. b $44,550. c $796,950. d $895,950. 3 On January 6, the accounts payable balance is: a $136,950. b $36,300. e $24,750. d $99,000. 4 On January 6, the accounts receivable balance is: $24,750. b $38,775. c $77,550. d $63,525. a 5 On January 6, the cash balance is: $127,050. b $138,600. $165,000. d $202,950