1) What is the total equity of the Ackerman Limousine Service? 

2) What is the total amount of Mikasa Ackerman's claims against the total assets of the business? 

3) What is the amount of the creditor's claims against the assets of the business? 

Cash Accounts Receivable Automobile Supplies Limousines Total Asset Accounts Payable Notes Payable Total Liabilities Mikasa Ackerman, Capital Total Liabilities and Capital Ackerman Limousine Service Balance Sheet December 31, 2020 Assets P 16,000 2,500 1,200 38,000 Liabilities and Capital P 3,200 30,350 P 57,700 P 33,550 24,150 P 57,700