Please answer the following questions

A company reports the following on its balance sheet:

• Cash: $10,000
• Accounts receivable: $20,000
• Inventory: $14,000
• Prepaid expenses: $3,000
• Property, plant, and equipment: $35,000
• Accumulated depreciation: $2,000
• Accounts payable: $5,000
• Accrued expenses: $6,000
• Short-term notes: $7,000
• Long-term notes: $10,000
• Capital stock: $40,000
• Retained earnings: $12,000

1. What are the companys total liabilities?
2. What is the companys total equity?