E1-8 Inferring Values Using the Income Statement and Balance Sheet Equations [LO 1-2] Review the chapter explanations of the income statement and the balance sheet equations. Apply these equations in each of the following independent cases to compute the two missing amounts for each case. Assume that it is the end of the first full year of operations for the company. (Loss amounts should be indicated with a minus sign.) Independent Cases A B Total Revenues $ 116.000 Net Income (Loss) Stockholders Equity Total Expenses 85,000 83,000 90,500 13,500 Total Total Assets Liabilities $ 156,000 $ 73,000 118,000 110,000 29,000 25.000 76,000 73.000 83.000 53,000 D E 21,500 (7.500) 80,000 31,000 84.000