The Balance Sheet at the beginning of the month shows Total Assets of $26,620 and during the month the following transactions occurred: (a) Purchase of $20,700 of inventory on account; (b) Purchase of $30,000 of machinery in cash; and (c) Payment of wages payable for $12350 in cash.

Required 1: What are Total Assets at the end of the month? $___________

Required 2: By how much did the Total liabilities changed? $___________