a. Total assets of Charter Company equal $820,000 and its equity is $480,000. What is the amount of its liabilities? b. Total assets of Martin Marine equal $620,000 and its liabilities and equity amounts are equal to each other. What is the amount of its liabilities? What is the amount of its equity? + $ Assets Liabilities + a. $ 820,000 = b. $ 620,000 = + Equity 480,000