E1-9 LO1-1 Inferring Values Using the Income Statement and Balance Sheet Equations Review the chapter explanations of the income statement and the balance sheet equations. Apply these equations in each independent case 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. (Hint: Organize the listed items as they are presented in the balance sheet and income statement equations and then compute the missing amounts.) Independent Cases Total Revenues $93,500 Net Income (Loss) Total Expenses $75,940 75,834 76,430 Stockholders' Equity Total Assets $140,200 1 07,880 98,200 Total Liabilities $56,500 14,740 77,500 B C D 68,120 55,804 84,840 21,770 69,850 20,300 25,520 78,680 80,000 E 75,320