Sadavir Samson starts a plumbing service called Sadavir Waterworks. Transactions of Sadavir Waterworks during the first year of operations are given below:

a) Sadavir deposited $64000 into a new cheque account for the business and recorded the capital contribution.

b) Paid $6600 cash for equipment to be used for plumbing repairs.

c) Borrowed $41000 from a local bank and deposited the money in the cheque account.

d) Paid $940 rent for the year.

e) Purchased $570 of office supplies by cash.

f) Completed a plumbing repair project for a local lawyer and received $6200 cash.

What is the amount of total equity at the end of the first year?