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the owner invested 40,000 into the business equipment worth 25,000 was purchased in part by 20,000 bank loan. supplies totalling 1000 were purchases by cash.

the owner invested 40,000 into the business equipment worth 25,000 was purchased in part by 20,000 bank loan. supplies totalling 1000 were purchases by cash. inventory of 9000 was purchased on credit. rent for the following three months of 6000 was paid. what are the total assests after these transactions

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