Sarah, the sole shareholder of Mad Dog Food Truck, runs a food truck in the suburb of a large city. Her balance sheet as at November 30, 2020 is as follows: Mad Dog Food Truck Balance Sheet As at November 30, 2020 Assets Cash $5,400 Inventory $2,200 Equipment $9,500 Accumulated Depreciation $-2,200 Total Assets $14,900 Liabilities Accounts Payable $2,900 Loan Payable $6,700 Total Liabilities $9,600 Shareholder's Equity $5,300 Total Liabilities & Shareholder's Equity $14,900 In the upcoming year, Sarah expects the following events to occur: Total revenues of $29,000 and total expenses of $12,150 Inventory is expected to increase by $1,200 By the end of November, 2021, Mad Dog Food Truck will owe its suppliers $3,800 No principal payments will be made on t