QS 1-8 Applying the accounting equation LO A1 1. Use the accounting equation to compute the missing financial statement amounts. Company Liabilities Assets $ 91,000 = Equity 48,000 1 + $ $ + $ 86,000 2 3 33,000 36,000 $ 117,000 = $ + 2. Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets + Owner, Capital Revenues Expenses Owner, Withdrawals $ 0 1 Liabilities $ 24,000 $ 40,000 $ + $ $ $ 72.000 = 110,400 = 36,000 60,000 16,000 26,000 2 + $ + $ 40.000 $