L3rion Company purchased a van on credit for 50.000 euros. Briefly state the way this transaction affects the company's basic accounting equation Pyramid Company's assets total 77.500 euros and its liabilities total 42.500 euros. What is the amount of Pyramid's retained earnings if its capital stock amounts to 25.000 euros? Panfood Company had total revenues of 720.000 euros for a recent month. During the month the company incurred operating expenses of 250.000 euros and purchased land for 100.000 euros. Compute the amount of Panfood net income for the month. Weight : 5%