11 1. Bluesky Services has total assets for the year of $18,900 and total liabilities of $8,000.1)Use the accounting equation to solve for equity (0.5 marks) 2)If next year, assets increased by $3,000, and equity decreased by $2,000, what would be the amount of total liabilities? (1 marks) 2. Consider the following accounts: a.Accounts payable; b.Cash; c.Owner's capital; d.Accounts receivable; e.Prepaid Rent Expense; f. Service revenue; g.Office supplies; h.Land; i. Salaries Expense; J.Unearned Revenue. 1)Identify assets accounts (2.5marks) 2)Identify the accounts which is increased with a credit (CR). (2marks) 3)Identify whether the normal balance of each account is a debit (DR) or credit (CR). (5marks)