Based on your financial statements for Business Solutions answer the following questions:

a- Complete the accounting equation for Business Solutions using the amounts in this format: $______ = $_______ + $_____________

b- In discussing Business Solutions' latest financial statements, you as the manager say that it is the the net income results on the bottom line that really count. What do you mean? Which financial statement are you referring to? Are the results reflected satisfactory? Explain your answers.

c- Does Business Solutions have enough cash to pay its liabilities on December 31, 2020? Please list the December 31 balance of cash, subtract the amount of total current liabilities and calculate the overage or shortfall cash amount. Does Business Solutions need to improve this situation? If your answer is that no improvement is needed, please describe what they are doing correctly. If your answer is yes improvement is needed, please provide a suggestion on how the company may improve.