1.On June 1, Sean Dominic started Dominic's Flying School, a company that provides flying lessons to would-be pilots, by investing $45,000 in the business. Following are the assets and liabilities of the company on June 30,2020 and the revenues and expenses for the month of June

2.Solve the following cases. Show your solutions.

On June 1, Sean Dominic started Dominic's Flying School, a company that provides flying lessons to would be pilots, by investing $45,000 in the business. Following are the assets and liabilities of the company on June 30, 2020, and the revenues and expenses for the month of June. 400 Cash $ 6,800 Notes Payable $ 30,000 Account Receivable 7,200 Rent Expense 1,200 Equipment 64,000 Repair Expense Lesson Revenue 8,600 Fuel Expense 2,200 Advertising Expense 500 Insurance Expense 400 Accounts Payable 800 Sean Dominic made no additional investment in June, but he withdrew $ 1,700 in cash for use. Required: Based from the given balance sheet and income statement, compute for: 1. Total revenue 2. Total expenses 3. Total assets 4. Total liabilities 5. Total proprietorship Alege the details of your computation. Solve for the following cases. Show your solutions ASSETS LIABILITY CAPITAL REVENUE WITHDRAWAL EXPENSE 1) 1,200,000 300,000 700,050 555,100 95,000 ? 2) ? 400,000 360,000 170,360 78,250 35,000 3) 880,000 170,000 468,000 338,000 ? 50,000 4) 2,875,250 1,285,000 945,000 ? 698,000 370,000 5) 2,000,000 ? 580,250 513,000 35,000 46,190