Review the chapter explanations of the income statement and the balance sheet equations. Apply these equations in each of the following independent cases to compute the two missing amounts for each case. Assume that it is the end of the first full year of operations for the company.

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Independent Total Total Net Income oalTotal Cases Revenues Expenses Loss) AssetsLiabilities $82,000150000 0000 04,000 2,000 22.000 Equity 80,000 12,000 112.000 70,000 80.000 86,000 50,000 20,000 77,000 81,000 (6,000)-コ 73 00 28,000