On June 25, Tin Roofing extended an offer of $87,000 for land that had been priced for sale at $100,000. On July 9, Tin Roofing accepted the seller's counteroffer of $95,000. On October 1, the land was assessed at a value of 5143,000 for property tax purposes. On December 22, Tin Roofing was offered $152,000 for the land by a national retall chain. At what value should the land be recorded in Tin Roofing's records? Inspiring U is a motivational consulting business. At the end of its accounting period, December 31,20Y2, Inspiring U has assets of $597,000 and liabilities of $143,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31,202. 55 b. Stockholders' equity as of December 31, 20Y3, assuming that assets decreased by $113,000 and liabilities decreased by $34,000 during 20Y3. The revenues and expenses of A-One Travel Service for the year anded August 31, 20Y6, follow: Prepare an income statement for the year ended August 31, 20Y6