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You've collected the following information about a company: Assets Liabilities and Equity Cash 12,000 Accounts payable 20,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable

You've collected the following information about a company:

Assets Liabilities and Equity
Cash 12,000 Accounts payable 20,000
Marketable securities 2,000 Notes payable 6,000
Accounts receivable 6,000 Current liabilities
Inventory 36,000 Long-term debt 95,000
Current assets Total liabilities
Machines 34,000 Paid-in capital 20,000
Real estate 80,000 Retained earnings
Fixed assets Equity
Total assets Total liab. & equity

Part 1: What are total assets?

Part 2: What is total equity?

Part 3: What is retained earnings?

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