POGO, had the following transactions in May:

Borrowed $30,000 from Chase bank.

Bought equipment costing $10,000, paying $5,400 in cash and promising to pay the remaining $4,600 next month.

Paid utility expenses of $5,951.

Purchased a $5,000, five-year insurance policy, paying for three years in advance.

Paid back a previous loan for $3,860.

1. If total liabilities on May 1 were $32,971, what were total liabilities on May 31?

1. If total equities on May 1 were $71,679, what were total equities on May 31?