Dr. John Salvaggi is a chiropractor. As of December 31, he owned the following property that related to his professional practice. Cash $3,580 Office Equipment 6,490 X-ray Equipment 10,160 Laboratory Equipment 6,870 He also owes the following business suppliers: Chateau Gas Company $3,560 Aloe Medical Supply Company 4,200 Required: 1. From the preceding information, compute the accounting elements and enter them in the accounting equation shown as follows. Assets = Liabilities + Owner's Equity X 2. During January, the assets increase by $8,760, and the liabilities increase by $3,300. Compute the resulting accounting equation. Assets = Liabilities + Owner's Equity 3. During February, the assets decrease by $3,520, and the liabilities increase by $2,100. Compute the resulting accounting equation. Assets Liabilities Owner's Equity Feedback