Consider the following questions:

(i) If the balances of total assets and shareholders’ equity are $100 000 and $40 000, respectively, what is the balance of total liabilities?

(ii) If the balances of total liabilities and shareholders’ equity are $200, 000 and $300 000, respectively, what is the balance of total assets?

(iii) Given the balances of assets $300, 000, liabilities $200, 000 and share capital $60 000, what is the balance of retained profits?