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

Balance Sheet

September 1

Assets		Equities
Cash	$39,082	Accounts Payable	$5,971
Accounts Receivable	5,041	Notes Payable	20,249
Inventory	13,308
Prepayments	3,304	Paid-In Capital	59,661
Equipment	60,338	Retained Earnings	35,192
Total Assets	$121,073	Total Equities	$121,073

During September, the company

• sold common stock to investors for $28,000,
• paid rent on the first of the month for the rest of the year; rent was $1,200 per month,
• bought equipment costing $9,400, paying the manufacturer $5,300 in cash, and signing a note for $4,100,
• borrowed $25,000 from a bank, and
• paid back a previous interest-free loan for $3,880.

6. After these transactions were recorded, what was the balance in the Cash account [ignore adjusting entries]? $78,102

You are correct.

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