The following amounts are the ending balances that form the accounting equation of Anna's Consulting Services Accounts payable $2,100 Accounts receivable 1,900 Bank loan payable 60,000 Cash 3,000 A. Mercer, Drawings 12,000 Equipment 6,000 Expenses 23,800 Land and building 100,000 A. Mercer, Capital, beginning of year 25,000 Revenues 60,000 Supplies 400 Questions: (a) For each amount indicate whether it is classified as an Asset (A), Liability (L) or Owner Equity (OE) (b) Calculate total assets total liabilities and total owner equity. Use these amounts to show that the accounting equation is in balance