Reference no: EM132204053

A company's January 1, 2017 balance sheet reported total assets of $150,000 and total liabilities of $60,000. During January 2017, the company completed the following transactions:

(1) paid a note payable using $10,000 cash (no interest was paid);

(2) collected a $9,000 accounts receivable;

(3) paid a $5,000 accounts payable; and

(4) purchased a truck for $5,000 cash and by signing a $20,000 note payable from a bank.

The company's January 31, 2017 balance sheet would report what ($) balances for:

Assets:

Liabilities:

Shareholder's Equity: