1. Complete the following Balance SheeEquations: Assets Liability Stockholders' Equity a. 245000 130000 ? b. 318000 Liability is twice the Stockholders' Equity c. ? Liability is half the Stockholders' Equity 168000 2. The following is record of Restaurant 2313's purchases and sales of wines: March 2: Purchased 12 bottles of M&B wine @$12.50 each March 16: Purchased 24 bottles of M&B wine @$13.50 each March 31: Sold 32 bottles during March @$26 each. Determine the value of El and CoS for wines in March using: a. First-in, First-out method (FIFO) b. Last-in, First-out method (LIFO) 3. Restaurant 3313 started business with total assets of $450,000 and total liabilities of CORO DO 3. Restaurant 3313 started business with total assets of $450,000 and total liabilities of $250,000. During the year, the restaurant recorded $735,000 in revenues, $430,000 in costs and expenses, and dividends of $105,000. Answer the following questions: a. Stockholders' Equity at the beginning of the year? b. The profit for the year? c. Stockholders' Equity at the end of the year? (assuming no tax)