Current assets= $300, Interest- $80, Long-Term Liabilities= $700, Tax Rate=30%, Long Term Assets = $900, Revenues =$4,000, Depreciation= $500, Short Term Liabilities $200, Expenses = $2,720. Given the information above, using the = balance sheet identity formula, what is equity? 1) $400 2) $800 3) none of these 4) $300 5) $1,200