Answer:
Cash               4,800
Accounts Receivable 8,800
Supplies            18,800
Total Current        32,200
Equipment          118,000
Acc Depreciation    (44,000)
Total non-current      74,000
Total assets          106,200
Accounts Payable     25,800
Salaries Payable      15,800
Total Liabilities        41,600
Common Stock       58,000
Retained Earnins       6,400
Total Equity         64,600
Total Assets + Liab   106,200
Explanation:
We solve this by appling the basic accounting equation:
Assets = Liabilties + Equity
First we solve for total assets.
Then we solve for the total amount of equity
and finally we clear for retained earnigns.
Cash               4,800
Accounts Receivable 8,800
Supplies            18,800
Total Current        32,200
Equipment          118,000
Acc Depreciation    (44,000)
Total non-current      74,000
Total assets          106,200
Accounts Payable     25,800
Salaries Payable      15,800
Total Liabilities        41,600
Common Stock       58,000
Retained Earnins   (64,600 - 58,000) = 6,400
Total Equity (106,200 - 41,600) = 64,600
Total Assets + Liab   106,200
