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1. Use the accounting equation to compute the missing financial statement amounts. Company 1 2 Assets Liabilities $ 86,000 = + = $ 30,500 $

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1. Use the accounting equation to compute the missing financial statement amounts. Company 1 2 Assets Liabilities $ 86,000 = + = $ 30,500 $ 107,000 - $ 31,000+ Equity $ 45,500 $ 81,000 + 3 2. Use the expanded accounting equation to compute the missing financial statement amounts. + Revenues Company 1 2 Assets Liabilities Common Stock Dividends $ 62,000 - $ 21,500 + $ 31,000 - $ 0 + $ 100,900 - 5 37,500 $ 55,000 - Expenses $ 13,500 $ 23,500 + + $ 35,000

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