Presented Below Is the Balance Sheet for Manhattan Family Dentistry

Presented below is the balance sheet for Manhattan Family Dentistry on January 1 of the current year.
During the first few days of January, the following transactions occurred:
Jan 2 Equipment was purchased for $38,000 on credit.
2 The business collected $16,000 of its accounts receivable and paid $23,000 of its accounts payable.
3 The business borrowed $60,000 from the bank, giving a note payable due in 90 days.
3 Additional capital stock was issued in exchange for $27,000 cash.
Complete the following balance sheet for Manhattan Family Dentistry on January 4 of the current year.
$\begin{array}{c}\text { MANHATTAN FAMILY DENTISTRY }\\ \text {Balance Sheet}\\\text {January 1,20\_}\\\\\begin{array}{lr}\text { Assets}\\ \\\text { Cash } & \$ 20,000 \\\text { Accounts receivable } & 31,000 \\\text { Land } & 190,000 \\ \text { Building . } & 225,000 \\ \text { Equipment} & 35,000 \\\\ \text {Total assets}&\$501,000\end{array}\begin{array}{lr}\text { Liabilities \& Stockholders' Equity}\\ \\\text {Liabilities:}&\\\text {Accounts payable}&\$45,000\\\text {Total liabilities}&\$45,000\\\text {Owners' equity:}\\\text {Capital stock}&456,000\\\text {Total liabilities and}\\ \text {owners' equity}&\$201,000\end{array}\end{array}$

$\begin{array}{c}\text { MANHATTAN FAMILY DENTISTRY }\\ \text {Balance Sheet}\\\text {January 4,20\_}\\\\\begin{array}{lr}\text { Assets}\\ \\\text { Cash } & \$ \\\text { Accounts receivable } & \\\text { Land } & \\ \text { Building . } & \\ \text { Equipment} & \\\\ \text {Total assets}&\$\end{array}\begin{array}{lr}\text { Liabilities \& Stockholders' Equity}\\ \\\text {Liabilities:}&\\\text {Accounts payable}&\$\\\text {Total liabilities}&\$\\\text {Owners' equity:}\\\text {Capital stock}&\\\text {Total liabilities and}\\ \text {owners' equity}&\$\end{array}\end{array}$