1. Use the accounting equation to compute the missing financial statement amounts (a), (b), and (c). QS 1-8 Applying the accounting equation A1 Company 1 2 3 Assets $ 75,000 b) 85,000 Liabilities $f) 25,000 20.000 Equity $ 40,000 70,000 2. Use the expanded accounting equation to compute the missing financial statement amounts (a) and (b). Company Assets $ 40.000 $ 80.000 Liabilities $ 16,000 $32.000 Common Stock $ 20,000 $ 44.000 Dividends $0 Revenues fo $ 24,000 Expenses $ 8.000 $18.000 2