1. Use the accounting equation to compute the missing financial statement amounts. Company 1 2 3 Assets = $ 77,000 = 1 = $ 89,000 = Liabilities + 1 + $ 26,000 + $ 22,000 + Equity $ 41,000 $ 72,000 2. Use the expanded accounting equation to compute the missing financial statement amounts. Owner, + Company 1 2 Assets - $ 44,000 = $ 83,800 = Liabilities + $ 17,000 + $ 33,000 + Owner, Capital - $ 22,000 - $ 46,000 - 5 Revenues - 1- $ 26,000 - Expenses $ 9,000 $ 19,000 1 +