Accounting Equation Determine the missing amount for each of the following: + Liabilities Stockholders' Equity Assets 11 + $262,500 $450,000 a. $ + $787,500 11 b. $1,320,000 c. $3,150,000 $900,000 Check My Work Calculator Accounting Equation and Income Statement Staples, Inc. (SPLS) is a leading office products distributor, with retail stores in the United States, Canada, Asia, Europe, and South America. The following financial statement data were adapted from recent financial statements of Staples: Year 2 (in millions) Year 1 (in millions) Total assets $8,271 $10,172 Total liabilities (1) 4,788 Total stockholders' equity 3.696 (2) Sales 18,247 Cost of goods sold 13,409 Operating expenses 4,967 Other expense (net) Income tax expense 107 Enter all amounts as positive numbers. a. Determine the missing data indicated for (1) and (2). Total liabilities for Year 2 millions Total stockholders' equity for Year 1 millions b. Using the income statement data for Year 2, determine the amount of net income or net loss millions + WV2 Online teachir X 26 Program for Area Of Square - Ge X gnment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Calculator Show Me How Video Income Statement BLM Services was organized on August 1, 2045. A summary of the revenue and expense transactions for August follows: Fees earned $2,550,000 1,612,500 Wages expense 41,250 Miscellaneous expense 240,000 Rent expense 22,500 Supplies expense Prepare an income statement for the month ended August 31. JLM Services Income Statement For the Month Ended August 31, 2015 Operating expenses: Total operating expenses