Berwick Company compiled the following financial information as of December 31, 2008:

Revenues$140,000

Berwick, Capital (1/1/08)105,000

Equipment40,000

Expenses125,000

Cash35,000

Berwick, Drawings10,000

Supplies5,000

Accounts payable20,000

Accounts receivable15,000

11.) Berwick's assets on December 31, 2008 are

1. $235,000.
2. $170,000.
3. $80,000.

$95,000.

12.) Berwick's owner's equity on December 31, 2008 is

1. $105,000.
2. $110,000.
3. $80,000.
4. $120,000.