Calculate the values indicated by the letters A, B, and C based on the equation.

Assets: (A) ($30,000) (53,000)

For obligations or liabilities: (38,000) (b) (32,000)

Ownership rights: (45,000) (22,000) (c)

Assets	For obligations or liabilities	Ownership rights
(A)	(38,000)	(45,000)
($30,000)	(B)	(22,000)
(53,000)	(32,000)	(C)

Assets	For obligations or liabilities	Ownership rights
78.500	37.600	(C)
(A)	53.280	145.000
49.500	(B)	34.000

Use the accounting equation to answer each of the independent questions below.

At the beginning of the year, Norton had assets of $75,000 and owner's equity of $38,000. During the year, assets increased by $18,000 and liabilities increased by $4,000. What is the owner's equity at the end of the year?

Q2:

The following are the balances extracted from the books of Al-Tawfiq Financial Consulting Foundation on 12/30/2021:

salaries and wages (250,000)

cash on hand (60,000)

creditors (18,500)

consulting revenue (450,000)

stationery items (15,000)

rental expenses (120,000)

other revenues (25,000)

general and administrative expenses (15,000)

Furniture (20,000)

Long-term loan (60,000)

Cars (70,000)

Cash in the bank (100,000)

Owes (16,500)

Capital (113,000)

Required

Preparing the following financial statements:

1-income list

2-Capital list

3-Statement of financial position