[The following information applies to the questions displayed below.] On January 1 of the current year, three individuals organized Northwest Company as a corporation. Each individual invested $10,000 cash in the business. On December 31 of the current year, they prepared a list of resources owned (assets) and debts owed (liabilities) to support a company loan request for $70,000 submitted to a local bank. None of the three investors had studied accounting. The two lists prepared were as follows: Company resources Cash Service supplies inventory (on hand) Service trucks (four, practically new) Personal residences of organizers (three houses) Service equipment used in the business (practically new) Bills due from customers (for services already completed) Total Company obligations Unpaid wages to employees Unpaid taxes Owed to suppliers Owed on service trucks and equipment (to a finance company) Loan from organizer Total $19,000 7,900 125,600 120,000 30,000 27,500 $330,000 $ 12,000 8,500 13,000 42,000 16,500 $ 92,000