Chris NT makes specially soft drinks. At the end of 2015, Chris NT had total assets of $520 000 and liabilies totaling 5330 000 Requirements 1 Write the firm's accounting equation and label each amount as a debitor a credit 2 The business's total revenues for 2016 were 5480000, and total expenses for the year were $310.000. How much was the business's proft (or net 1064) for 2016 Wite the equation to calculate the firm's proft, and indicate which element is a debit and which is a credit Does profit representant debitor a not credit? Requirement 1. Write the accounting equation and select whether each account is a normal debitor credit account Determine the accounting equation, then calculate and label each amount as a debitor a credit Requirement 2. Write the equation and calculate the firm's profit or loss. On the third line, indicate which element is a debit and which is a credit and determine whether the profit or loss represents a net debitor a no credit Profit for loss) Choose from any list or enter any number in the input fields and then continue to the next