The total increase or decrease for one component of the accounting equation is missing in each situation that follows:

(a) Assets decreased by $12,000; liabilities decreased by $6,500.

(b) Owner's equity decreased by $15,750; assets decreased by $7,500.

(c} __ Liabilities increased by $1,000; owner's equity decreased by $5,000.

(d) Owner's equity increased by $20,000; assets increased by $9,650.

Required: Using Assets: $45,000 = Liabilities: $15,000 + Owner’s Equity: $30,000 as the beginning accounting equation, for each of the preceding situations determine (I) the to- tal increase or decrease for the missing component of the equation, and (2) the amount of each component in the ending accounting equation. Treat each situation separately.  lop1