YoungYoung Software began with cash of $ $15$ comma $000$$$15,000.$ YoungYoung then bought supplies for $ $1$ comma $200$$$1,200$ on account.$$ Separately, YoungYoung paid $ $2$ comma $800$$$2,800$ for a computer. Answer these questions.

a$.$How much in total assets does YoungYoung $$have$?$

b$.$How much in liabilities does YoungYoung $$owe$?$

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Part $1$

a$.$How much in total assets does YoungYoung $$have$?$

YoungYoung has $$$$16,20016,200$ in total assets.

Part $2$

b$.$How much in liabilities does YoungYoung $$owe$?$

YoungYoung owes $$$enter your response here in liabilities.