Problem 5-8 Completing the Accounting Equation With the addition of temporary accounts, the basic accounting equation can be expressed as follows: Owner's Equity = Liabilities + Owner's Capital - Withdrawals + Assets Revenue Expenses Using the expanded equation shown above, determine the missing amounts for the following accounting equations. The first equation is completed as an example, Owner's Equity Assets Owner's Liabilities Withdrawals + Revenue Capital Expenses $ 1 $ $ 8,200 $ 500 64.400 56,300 $ 10,000 $ 9.600 2 22,150 525 18,800 1,200 12,100 3 17,500 75 21,650 4.115 3.250 4. 49,450 47,840 1,500 20,300 17.610 5. 21,900 1,150 20.005 950 16,570 6. 72,640 2,790 10.750 67.908 39.749 7 1,988 41,194 6.196 52,210 42,597 8. 3,840 61,774 40.163 21,637 (Expenses plus withdrawals equal $27,749.) 9 64,070 49,102 4,875 53.166 (Total owner's equity after adding revenue and subtracting expenses and withdrawals is $50,643.) 10. For equation 7, calculate the sum of owner's equity at year end