1. If the assets of a business are $360,000 and the liabilities are $120,000. How much is the owner's equity?

2. If the owner's equity in a business is $180,000 and the liabilities are $100,000, how much are the assets?

3. A company reported monthly revenue of $325,000 and expenses of $85,000. What is the result of operations for the month?

4. If the beginning balance of retained earnings is $150,000, revenue $75,000, expenses total $35,000, and the company declares and pays a $10,000 dividend, what is the ending balance of retained earnings?