Just before Lewis laboratories opened for business, Roso Doman , the owner, had the following assets and liabilities. Determine the totals that would appear in the firm's fundamental accounting equation (Assets= Liabilities + Owner's Equity)

Cash: $18,250
Lab Equipment: 40,950
Lab Supplies: 2,775
Loan Payable: 6,800
Accounts Payable: 4,200


Assets=?
Liabilities=?
Owner's Equity=?

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