John opened a new business as a sole proprietorship. This means it is a form of business which is: Owned by one individual Owned by two or more individuals Owned by one or more entities who own shares of stock in the business O Both one individual and entities who own shares of stock are correct QUESTION 3 If "The Corporation" on December 31 has Assets of $60,000 and Liabilities of $12,000, the total Stockholder's Equity would be: $60,000 $48,000 $36,000 $12,000