EXERCISE 1-7 (L04) Calculating Financial Statement Components The following information is taken from the records of Jasper Inc. at January 31, 2015, after its first month of operations. Assume no dividends were declared in January Cash Accounts Receivable Unused Supplies Land Building $33,000 82,000 2,000 25,000 70,000 Equipment Bank Loan Accounts Payable Share Capital Net Income $30,000 15,000 27,000 40,000 Required: a. Calculate total assets. b. Calculate total liabilities. c Calculate share capital. d. Calculate retained earnings. e. Calculate total equity