If the assets of a business are $350,000 and the liabilities are $150,000, how much is the equity? (2) If the equity in a business is $90,000 and the liabilities are $130,000, how much are the assets? (3) A company reported monthly revenues of $335,000 and monthly expenses of $90,000. What is the result of operations for the month? (4) If the beginning balance of retained earnings is $90,000, revenue is $75,000, expenses total $25,000, and the company declares and pays a $30,000 dividend, what is the ending balance of retained earnings? Question content area bottom Part 1 (1) If the assets of a business are $350,000 and the liabilities are $150,000, how much is the equity? In order to calculate the equity, we must use the accounting equation. Begin by determining the accounting equation, then solve for the equity. - = Equity - = Part 2 (2) If the equity in a business is $90,000 and the liabilities are