X Company prepares monthly financial statements. The following is the company's balance sheet on October 1:

Balance Sheet

October 1

Assets		Equities
Cash	$38,480	Accounts Payable	$5,789
Accounts Receivable	5,555	Notes Payable	24,993
Inventory	12,121
Prepayments	3,239	Paid-In Capital	58,877
Equipment	66,704	Retained Earnings	36,440
Total Assets	$126,099	Total Equities	$126,099

During October, the company

• sold common stock to investors for $25,000,
• paid rent on the first of the month for the rest of the year; rent was $1,200 per month,
• bought equipment costing $10,900, paying the manufacturer $5,900 in cash, and signing a note for $5,000,
• borrowed $20,000 from a bank, and
• paid back a previous interest-free loan for $3,780.

6. After these transactions were recorded, what was the balance in the Cash account [ignore adjusting entries]?

7. After these transactions were recorded, what were total assets [ignore adjusting entries]?