Just need question 2!

Problem 1 A firm had $1,350,000 in assets and $575,500 in liabilities. a. What is owner equity? b. What are creditor's financial claims on the assets of the firm? Ic. What are owners' financial claims on the assets of the firm? Problem 2 Suppose that during the year, the same firm (as in Problem 1) generates a profit of $137,000, and the owners withdraw $65,000 from the firm. Assume the figures in problem I are the beginning year figures. a. What is owner equity at the end of the year? b. What are the owners' financial claims on the assets of the firm at the end of the year? c. If the values in problem I are market value figures and valuation equity is reported to be $123,460 at the end of the year, what is cost basis equity at the end of the year