$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|\}$

$\backslash$hline Long$-$term liabilities & & $\backslash$$ $75,376\backslash \backslash$

$\backslash$hline Total liabilities & & $\backslash$$ $163,188\backslash \backslash$

$\backslash$hline OWNERS' EQUITY & & $\backslash \backslash$

$\backslash$hline Paid$-$in capital & $\backslash$$ $30,840$ & $\backslash \backslash$

$\backslash$hline Retained earnings & $\backslash$$ $31,220$ & $\backslash \backslash$

$\backslash$hline Total owners' equity & & $\backslash$$ $62,060\backslash \backslash$

$\backslash$hline Total liabilities and owners' equity & & $\backslash$$ $225,248\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

Balance Sheet

Question $3$: The business owners have decided to take out a loan from their bank to purchase $\backslash (\backslash$$ $120,000\backslash )$ worth of computers for their employees. Using the information in the balance sheet, calculate the new total assets. $\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|\}$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$c$|\}\{$BALANCE SHEET$\}\backslash \backslash$

$\backslash$hline ASSETS & & $\backslash \backslash$

$\backslash$hline Cash and securities & $\backslash$$ $55,021$ & $\backslash \backslash$

$\backslash$hline Inventories & $\backslash$$ $20,497$ & $\backslash \backslash$

$\backslash$hline Accounts receivable & $\backslash$$ $20,816$ & $\backslash \backslash$

$\backslash$hline Total current assets & & $\backslash$$ $96,334\backslash \backslash$

$\backslash$hline Property and equipment & $\backslash$$ $72,705$ & $\backslash \backslash$

$\backslash$hline Other long$-$term assets & $\backslash$$ $56,209$ & $\backslash \backslash$

$\backslash$hline Total long$-$term assets & & $\backslash$$ $128,914\backslash \backslash$

$\backslash$hline Total assets & & $\backslash$$ $225,248\backslash \backslash$

$\backslash$hline LIABILITIES AND OWNERS' EQUITY & & $\backslash \backslash$

$\backslash$hline Accounts payable & $\backslash$$ $47,183$ & $\backslash \backslash$

$\backslash$hline Accrued expenses and other & $\backslash$$ $32,439$ & $\backslash \backslash$

$\backslash$hline Unearned revenue, current & $\backslash$$ $8,190$ & $\backslash \backslash$

$\backslash$hline Total current liabilities & & $\backslash$$ $87,812\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$