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(a) The liabilities of Ivanhoe Company are $98,000. Owner's capital is $145,000; drawings are $92,000; revenues, $466,000; and expenses, $305,000. What is the amount of
(a) The liabilities of Ivanhoe Company are $98,000. Owner's capital is $145,000; drawings are $92,000; revenues, $466,000; and expenses, $305,000. What is the amount of Ivanhoe Company's total assets? Total assets $ (b) The total assets of Sierra Company are $62,000. Owner's capital is $17,000; drawings are $5,100; revenues, $45,000; and expenses, $29,000. What is the amount of the company's total liabilities? Total liabilities \$ (c) The total assets of Birch Co. are $411,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Birc Co.'s owner's equity? Owner's equity \$
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