1. Use the accounting equation to compute the missing financial statement amounts. $ 1 5 90,000 = $ 117,500 - + 115,000 - 42,500 + 32,500 35,000 + 2 $ $ 47,500 85,000 80,000 $ $ 3 2. Use the expanded accounting equation to compute the missing financial statement amounts. Revenues Expenses Company Assets Liabilities Owner, Withdrawals $ 0 + 1 $ $ + $ Owner, Capital $ 35,000 $ 59,000 70,000 = 108,500 = 23,500 39,500 $ $ 27.000 $ 39,000 - $ 15,500 25,500 + $ 2 $ $ +