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3. Below is balance sheet information for five independent situations. Calculate the answer to each. a) A company reports total assets of $2,000 and total

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3. Below is balance sheet information for five independent situations. Calculate the answer to each. a) A company reports total assets of $2,000 and total liabilities of $900. What is the amount of stockholders' equity? b) A company reports total liabilities of $2,400 and stockholders' equity of $1,100. What is the amount of total assets? c) A company reports total assets of $2,700 and total stockholders' equity of $700. What is the amount of total liabilities? d) A company reports an increase in assets of $1,700 and an increase in liabilities of $400. What is the amount of the change in stockholder' equity? 5. A company reports an increase in liabilities of $300 and a decrease in stockholders' equity of $800. What is the amount of the change in total assets? 4. Consider the following transactions for Mittel Corporation: a. Sell common stock for $10,000, b. Purchase equipment for $11,500 cash. c. Pay employee salaries of $3,700. d. Provides services to customers for $6,200 cash. i) Post these transactions to the Cash T-account. Assume the balance of Cash before these transactions is $4,200. ii) Calculate the ending balance of the Cash account

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