Determine the missing amount designated with an "X" for each of the following: a (b Assets $78,500 49,500 Liabilities $37,600 53,280 X Owner's Equity $145,000 34,000 Question 2 (Mandatory) (10 points) Shiny Kar Company had the following transactions. For each transaction, show the effect on the accounting equation by putting the amount and direction (+,-, or NC for no change) in each box of the table below. Owner's Assets Liabilities Equity a) Shiny Kar withdrew $500 cash for food (6) Shiny Kar Company sold 2 cars for a total of $55,000 on account KC) The cost of the cars sold in (b) above was $40,000 (d) Shiny Kar received a $35,000 payment for a car previously sold on account e) Shiny Kar paid $450 for advertising (1) Shiny Kar purchased $150 of cleaning supplies on account