X Company, a merchandiser, had the following transactions in August: 1. Borrowed $28,000 from a bank. 2. Bought equipment costing $9, 200, paying the manufacturer $5, 700 in cash and promising to pay the remaining $4, 200 next month. 3. Paid a utility bill for $5, 068. 4. Purchased a $5,000, five-year insurance policy, paying for three years in advance. 5. Received $2, 239 from customers for merchandise that had to be ordered and would be delivered next month. 6. Paid back a previous loan for $3, 310. If the balance in the cash account on August 1 was $39, 159, what was the balance on August 31? $32, 518 $36, 746 $41, 522 $46, 920 $53, 020 $59, 913 If total assets on August 1 were $70, 428, what were total assets on August 31? $82, 469 $96, 489 $112, 892 $132, 084 $154, 538 $180, 810 If total liabilities on August 1 were $32, 225, what were total liabilities on August 31? $43, 692 $63, 354 co $91, 863 $133, 202 $193, 143 $280, 057