LO2 The Accounting Equation LO2 E4A. Use the accounting equation to answer each question that follows. Show any calculations you make. 1. Oshkosh Company's assets are $400,000, and its owner's equity is $155,000. What is the amount of its liabilities? 2. Salvatore Company's liabilities and owner's equity are $72,000 and $79,500, respectively. What is the amount of the assets? 3. Radisson Company's liabilities equal one-third of the total assets, and owner's equity is $160,000. What is the amount of its liabilities? 4. At the beginning of the year, Sun Company's assets were $275,000, and its own- er's equity was $150,000. During the year, assets increased $75,000 and liabilities decreased $22,500. What is the owner's equity at the end of the year? Owner's Equity and the Accounting Equation E5A. Daiichi Company's total assets and liabilities at the beginning and end of the year follow. Assets Liabilities Beginning of the year End of the year $175,000 275,000 $ 68,750 162,500 Determine Daiichi's net income or loss for the year under each of the following alternatives: 1. The owner made no investments in or withdrawals from the business during the year. 2. The owner made no investments in the business but withdrew $27,500 during the year. 3. The owner invested $16,250 in the business but made no withdrawals during the year. 4. The owner invested $12,500 in the business and withdrew $27,500 during the year