Calculate total assets and total liabilities based on the following data (show your calculations) Cost of Goods Sold $70 000 Buildings Salaries Expense $110 000 $30 000 Loan $50 000 Land $80 000 Sales Revenue: $90 000 Accounts Payable $20 000 Cash $25 000 $5 000 $40 000 Interest Expense: Inventory Accounts Receivable $60 000 $35 000 Furniture $70 000 Notes Payable Machines $90 000 $8000 Unearned Revenue For each of the following accounts, indicate whether the normal balance of the account Debit (DR) or Credit (CR) and whether the account is an Income Statement (IS) or a Balance Sheet (BS) account: Number DR or CR IS or BS Account Sales Revenue 1 2 Purchases Return and Allowances 3 Prepaid Rent 4 Inventory 5 Depreciation expense Time left A4.00 Q1: Income Statement Sales Revenue $167882.8. Expenses $23995.3. Interest Revenue $5220.A. Cost of Goods Sold $66028.0. Calculate the Profit. Q2: Balance Sheet Cash $21738.6. Accounts Payable $22757.3. Inventory $48812.0. Accounts Receivable $41285.0. Loan $61844.9. Notes Payable $56014.0. Building $75632.2. Salary Payable $11240.6. Calculate the Owners' Equity. 7 A B I E =