Case #2 - please show your work in the following INDEPENDENT questions and ignore any income tax consequences.

Confident Company had the following balance sheet total amounts on December 31, 2022:

Assets

$400,000

Liabilities

140,000

Stockholders Equity

260,000

a.

b.

d.

e.

If Confident increases assets by 20% in 2023 and increases liabilities by 10%, how much will stockholders equity be at the end of 2023?

If Confident borrows $90,000 in cash from the bank, what would be the new totals on the balance sheet?

If Confident sells land which cost $30,000 to another company for $75,000 in cash, what would be the new totals on the balance sheet?

If Confident pays this year's wages of $2,000, what would be the new totals on the balance sheet?

Name three specific asset accounts which are NOT on your balance sheet for computer problem #1.

Use the same instructions for completing this assignment as Problem 2A on the other side of this