Lip Redux's projected one-year balance sheet as of October 2020 shows total assets of $130,000 consisting of current assets including $50,000 in cash and $125,000 in inventories and accounts receivable, and non-current assets including $20,000 in furniture and fixtures and $25,000 in equipment. Total liabilities are $15,000 comprising $10,000 in current accounts payable and $5,000 in non-current loans payable. Owner's equity totals $115,000 including $75,000 in capital and $15,000 in net income.