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Accounting equation Annie Rasmussen is the owner and operator of Go44, a motivational consulting business. The data for the assests and liabilities of Go44 at
Accounting equation Annie Rasmussen is the owner and operator of Go44, a motivational consulting business. The data for the assests and liabilities of Go44 at the end of its accounting period, December 31, 20Y8, are provided in the table below. Columns B and D indicate the increase (Inc) or decrease (Dec) in assets and liabilities from December 31, 20Y8. Calculate the corresponding amount for each of the cases below.Consider each case independently. DATA Accounting Period Ended December 31, 20Y8 Assets $650,000 Liabilities $270,000 Using formulas and cell references, perform the required analysis, and input your answers into the Amount column. Transfer the numeric results for the green entry cells (F12:F16) into the appropriate fields in CNOWv2 for grading. Assets Liabilities Amount Formulas A. Capital as of December 31, 20Y8 $87,500 Inc $50,000 Inc B. Capital as of December 31, 20Y9 $138,000 Dec $10,000 Inc C. Capital as of December 31, 20Y9 $160,000 Inc $21,000 Dec D. Capital as of December 31, 20Y9 $820,000 $340,000 E. Net income (or net loss) during 20Y9
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