Presented below is the balance sheet for Sabino Family Dentistry on January 1 of the current year. SABINO FAMILY DENTISTRY Balance Sheet January 1, 20 Assets Liabilities & Stockholders' Equity Cash Accounts receivable Land Building Equipment.. $ 33,000 51,150 313,500 371,250 57,750 Liabilities: Accounts payable Total liabilities Owners' equity: Capital stock.. $ 74,250 $ 74.250 752,400 Total assets... $826,650 Total liabilities and owners' equity ...... $826,650 During the first few days of January, the following transactions occurred: Jan 1 3 3 5 The business borrowed $99,000 from the bank, giving a note payable due in 90 days. Additional capital stock was issued in exchange for $44,550 cash. Equipment was purchased for $62,700 on credit. The business collected $26,400 of its accounts receivable and paid $37,950 of its accounts payable. 1 On January 6, owners' equity amounts to: a $752,400. b $44,550. $796,950. d $895,950