CASE 2: ACCOUNT CLASSIFICATION On June 1, Sean Dominic started Dominic's Flying School, a company that provides flying lessons to would be pilots, by investing $45,000 in the business. Following are the assets and liabilities of the company on June 30, 2020, and the revenues and expenses for the month of June. Cash $ 6,800 Notes Payable $ 30,000 Account Receivable 7,200 Rent Expense 1,200 Equipment 64,000 Repair Expense 400 Lesson Revenue 8,600 Fuel Expense 2,200 Advertising Expense 500 Insurance Expense 400 Accounts Payable 800 Sean Dominic made no additional Investment in June, but he withdrew $ 1,700 in cash forwse Required: Based from the given balance sheet and income statement, compute for: 1. Total revenue 2. Total expenses 3. Total assets 4. Total liabilities 5. Total proprietorship the details of your computation CASE 3: ACCOUNTING EQUATION Solve for the following cases. Show your solutions ASSETS LIABILITY CAPITAL 1) 1,200,000 300,000 700,050 REVENUE WITHDRAWAL EXPENSE 555,100 95,000 ? 2) ? 400,000 360,000 170,360 78,250 35,000 3) 880,000 170,000 468,000 338,000 ? 50,000 4) 2,875,250 1,285,000 945,000 ? 698,000 370,000 5) 2,000,000 ? 580,250 513,000 35,000 46,190